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16 April 2018 02:05 pm

One day Trade Finance: Banking Workshop

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Event Details:

Location: Grand Hyatt Doha Hotel & Villas, Doha, Qatar
Date: 6 May
Time: 08:00 am - 05:00 pm
Ticket Purchase: No tickets needed
Price: - N/A
Phone: Bhumika Tahiliani (Mika)

Register Now One day Banking Workshop – 6th May 2018
Trade Finance: ICC Rules & Best Practices - Traditional Instruments versus New Solutions

One day Banking Workshop – 6th May 2018

Trade Finance: ICC Rules & Best Practices
Traditional Instruments versus New Solutions

With special focus on Examination of Documents under L/C as per UCP 600 & ISBP 745 and current developments in the field of the Digitalization of Trade Finance: BPO, Blockchain

 

This Workshop is a must for:

  • bankers working in trade finance, particularly in documentary credits, bank guarantees and export financing departments;
  • front office bank specialists, relationship managers;
  • specialists in trade finance, bank risk managers, internal auditors;
  • IT specialists, products developers, bank and corporate managers;
  • exporters, importers and traders;
  • carriers, freight forwarders, insurance companies;
  • lawyers, advocates, academics.

This workshop will be of benefit to professionals working in the banking trade finance departments with various trade finance products and instruments such as documentary credits, bank guarantees, export and import financing, etc. Bank IT specialists and relationship managers will gain an insight into practices in trade finance with focus on supply chain finance, IT solutions for trade finance, etc. The seminar will be also very valuable to business people active in trade finance.

The practical workshop will focus on international best practices in Documentary Credits, explaining current developments and issues related to interpretation of UCP 600 and revised ISBP 745E – the ICC rules for Documentary Credits.

The key speaker is the author of the best-selling practical publication on “Examination of Documents under Documentary Credits”.

The publication explains the very complex rules and practices related to examination of documents presented under documentary credits, i.e. ICC Rules of Uniform Customs and Practice for Documentary Credits (UCP 600) and the international standard banking practices for examination of documents under documentary credits as reflected in another ICC publication No. 745 (ISBP 745), in practical fashion. The most significant ICC Banking Commission Opinions related to the examination of documents are scrutinized and their interpretation explained. The examination of documents and making the decision whether they comply with the credit terms and conditions or not is certainly the most crucial, difficult and demanding task in the documentary credit practice.

This workshop will also focus on new developments in international bank guarantees with particular emphasize on implementation of URDG 758 – ICC Rules for demand guarantees. Significant time will be devoted to operational issues, practical case studies, examples and open discussions on the topics covered.

The last sessions will be devoted to new developments in the trade finance space: BPO and Blockchain solutions.


About Trainers

Mr. Andrle, BSc., LL.M is a Secretary to the Banking Commission of ICC Czech Republic which he regularly represents at the ICC Banking Commission meetings abroad. He chaired the working groups of ICC CR which revised translations of UCP 500, UCP 600, eUCP, ISP98, URDG 758 and other Banking Commission documents as well as Incoterms 2010 into Czech language.

He has been deeply involved in the revision of UCP as a member of UCP 600 Consulting group being formed by over forty experts from all over the world.

He was involved in development of URBPO as a member of the ICC Banking CommissionConsulting group on BPO. Nowadays, he is a member of ICC Task Force on Guarantees, also a member of the new ICC Banking Commission Consulting group for Forfaiting (which developed the new ICC rules for Forfaiting in cooperation with former IFA, today´s ITFA). In years 2010-2011 he also served as a member of the ICC Banking Commission Group of Experts which drafted the official ICC Banking Commission Opinions on ICC Rules.

Mr. Andrle worked closely with Mr. Miroslav Subert, a member of the Incoterms 2010 Drafting Group, during the revision of Incoterms and cooperated in the official translation of Incoterms 2010 into Czech language. He has delivered numerous seminars on the Incoterms 2000 and Incoterms 2010, both in Czech Republic and abroad. In October 2014, Mr. Andrle was appointed as a Secretary to the Commission on Commercial Law and Practice of ICC Czech Republic.

Mr. Pavel Andrle is an international trade and finance consultant and lecturer. He has worked for a number of leading local and international banks in various positions (for instance as trade finance specialist, head of trade finance, trade finance risk manager, in-house trainer). Frequent Lecturer in Documentary Credits, Bank Guarantees & Trade Finance for Banking Institute, Institute of Foreign Trade Transport & Forwarding, ICC CR and Economic Chamber of Commerce of Czech Republic. Regular facilitator in seminars abroad in English for ICC National Committees, bank associations and chambers of commerce world-wide.

Mr. Andrle has lead or participated in number of seminars held in more than 50 countries of the world, among them, e.g.: Bangladesh, Cambodia, Vietnam, India, Sri Lanka, Nepal, China, Philippines, Singapore, Sierra Leone, Zambia, Uganda, Ghana, Mozambique, South Africa, Nigeria, Albania, Poland, Serbia, Bulgaria, Romania, Slovakia, U.K., Ireland, Lithuania, Latvia, Malta, Georgia, Croatia, Turkey, Russia, Mongolia, Uzbekistan, Azerbaijan, UAE, Trinidad and Tobago, Dominica, etc. He is author of the publication „Documentary Credits – a Practical Guide“ published by Grada Publishing, a.s. (6 editions). He has written a „Commentary to UCP500 in the light of ISBP and other ICC Banking Commission documents“ and „Commentary to UCP600” published by ICC CR (all in Czech language). Recently his book on “Examination of documents under Documentary Credits has been published in the second updated edition (in English language).

He is appointed ICC CR expert to reply to enquiries related to Documentary Credits, Guarantees and Trade and Structured Finance – development of technical assistance consultancy services of ICC CR to banks, carriers, insurance companies and traders.  It includes advisory services and in-house technical assistance in banks and companies.

He is frequent DOCDEX Expert of ICC Centre for Expertise with ICC International Arbitration Court, ICC Paris, also an arbitrator with Vilnius Arbitration Court, Lithuania. He is active trainer under Global Trade Finance programme of IFC (International Finance Corporation – a member of World Bank Group). Mr. Andrle also serves at the lead tutor in the Finance of International Trade with the electronic Business School International. He holds LL.M in “International Trade Law” from the leading Northumbria University in Newcastle, UK. Mr. Pavel Andrle can be contacted at [email protected] or [email protected]

David Hennah, Global Head of Trade & Supply Chain Finance Products, Finastra

David Hennah leads the trade and supply chain finance product management team at Finastra having previously re-joined Misys from SWIFT, where he spent eight years driving the industry body’s financial supply chain strategy.

David spent over twenty years in a variety of senior roles at Barclays, spanning all areas of the transaction banking business. He is credited with bringing to market the world’s first international direct debit service.

Outside the UK David has worked in France, Belgium and Germany, including a three year secondment to the Associated Banks of Europe Corporation (ABECOR) in Brussels and was once based literally “overseas” managing the Barclays branch on board RMS QE2. He is well travelled having visited more than 80 countries around the world.

David has become well known for his work in recent years to bring the ICC Bank Payment Obligation (BPO) to market as an established business practice. He was a member of the original ICC BPO Rules Drafting Group and is currently working on the re-draft of the rules. He is the author of the ICC Guide to the Uniform Rules for Bank Payment Obligations and a regular speaker at industry events as well as being a regular contributor to industry publications. He has previously run his own consulting business and is a Member of the Institute of Financial Services. In 2017 David was appointed co-chair of the World Trade Board and an expert advisor to the ICC Academy. Outside work, David has raised funds for various good causes, walking 1000 Miles from John o Groats to Lands End and successfully completing three London Marathons. A proud Cornishman, David is married with four daughters and an ardent supporter of Arsenal Football Club.

E: [email protected]
T: +44 203 3320 500


Venue: Grand Hyatt – Doha


Workshop Programme 06 May 2018

Topic: Documentary Credits, Examination of documents according to UCP 600 and ISBP 745, Digitalization of Trade Finance, Questions & Answers

08:00 – 09:00Registration
09:00 – 09:15Welcome Remarks and ICC Academy Introduction
09:15 – 10:30Documentary Credits – Most recent and crucial ICC Banking Commission Opinions
  • Most interesting and significant ICC Opinions related to Examination of documents presented under Documentary Credits
  • Other significant ICC Opinions
  • Questions and Answers
10:30 – 10:50Coffee break
10:50 – 12:00Documentary Credits: Examination of Documents in Practice
  • Most problematic and debated aspects of UCP 600 in relation to examination of documents
  • Move from “no inconsistency rule” into “no conflict rule”
12:00 – 13:00Lunch
13:00 – 13:45Documentary Credits: Examination of Documents in Practice
  • Examination of B/L – crucial aspects from practical point of view
  • Questions and answers: B/L
13:45 – 14:30Bank Guarantees and Demand Guarantees
  • Practical considerations – main issues in practice
  • Abstract (demand) Guarantee or Accessory?
14:30 – 14:50Coffee break
14:50 – 15:30ICC Rules for Demand Guarantees – URDG 758
  • Drafting of a guarantee
  • Proper wording v. mistakes in practice
  • Effectiveness clauses, reduction, termination clauses
  • Demands under demand guarantees
  • Case Study
15:30 – 16:00BPO – Digital platform for open account bank solutions
  • How is BPO to function?
  • Use of BPO and its possible future
  • Discussion
16:00 – 16:30Latest developments in new technology: Blockchain
  • What is Blockchain and how is it to function?
  • Use of Blockchain technology in trade finance space
  • Discussion
16:30 – 17:00Questions and Answers, Closing remarks