UCP600 & International Trade Services

Transcription

1 UCP600 & International Trade Services a twin-suite of financial e-learning course libraries 2980 Pacific Highway San Diego, CA U.S.A. Ph: Fax:

2 UCP600 Overview This course library discusses major rules and regulations governing letters of credit. This takes through different articles set in UCP 600 with respect to their applicability and functionality in different situations. The course also discusses the rules relating to the documentation process of functioning of letters of credit. Course Level Basic to Intermediate Instructional Method Dynamic, Interactive e-learning Audio Clips: The course library is interspersed with audio clips containing voice over by the author giving additional insights and information about important concepts. 1. UCP600 An Overview 2. Part 1 Why the UCP is being revised? Major Changes Subtle Changes Unresolved Issues Major rules and regulations governing letters of credit Nature of publications of ICC Meaning of UCP History of the UCP Revision of UCP 500 Contents of UCP Library of 7 Courses Duration of each course- 1.0 Hour 3. Part 2 Understand the applicability and functionality of article 1 through 9 in different situations Define the terms and parties involved, as defined for the purpose of UCP600 Interpret various terms as per UCP600 Identify the roles and responsibilities of various banks for credit For more information, please visit:

3 UCP600 Library of 7 Courses 4. Part 3 5. Part 4 6. Part 5 The amendments relating to the letters of credit The methodology used in teletransmitted and pre-advised credits and amendments The roles and responsibilities of nominated bank The basic rules for reimbursements Checking of documents and the discrepancies related to particular document The circumstances in which the letters of credit are honored Original documents and copies Commercial invoice Transport document covering at least two different modes of transport Bill of Lading Non-negotiable sea waybill Air transport document Courier receipt, Post receipt or Certificate of Posting On Deck, Shippers Load and Count, Said by Shipper to Contain, and Charges additional to freight Clean transport document Marine insurance Common discrepancies related to insurance documents Insurance document and coverage The discrepancies of other related documents Steps to avoid discrepancies Discrepant Documents, Waiver and Notice 7. Part 6 Extension of expiry date or last day for presentation Tolerance in credit amount, quantity and unit prices Partial drawings or shipments Installment drawings or shipments Hours of presentation Disclaimer on effectiveness of documents Disclaimer on transmission and translation Force Majeure Disclaimer for acts of an instructed party Transferable credits Assignment of proceeds For more information, please visit:

4 International Trade Services Overview International Trade Finance is an enriching package of the 9 individual financial e-learning courses, reflective of real-world operational issues, best and conforming practices by the parties involved in International Trade Finance: Course Level Basic to Intermediate Instructional Method Dynamic, Interactive e-learning Library of 9 Courses 1. Fundamentals of International Trade and Banking: Money and its characteristics Role of Federal Reserve Bank Movement of money from seller to buyer Origins of trade and trade regulations Principals of international banking 2. Import Letters of Credit: Meaning of import letters of credit The mechanism of import letters of credit How the procedure of payment and collection works The revolving letters of credit The installment letters of credit 3. Export Letters of Credit: The export letters of credit The mechanism of exports letters of credit Letter of credit instructions The importance of examining letters of credit The ways to avoid discrepancies Common discrepancies encountered by banks Transfer under letters of credit Assignment of proceeds under letters of credit 4. How Letters of Credit Work: The theories and principles on which letters of credit are based The different types of letters of credit The process of issuing a letter of credit The uses of a letter of credit and its characteristics The working of letters of credit in reality The various rules that govern letters of credit For more information, please visit:

5 International Trade Services Library of 9 Courses 5. Monitoring Trade Loans: Credit management in banks Funded and unfunded financing Different risk sharing structures: Syndication Participation Securitization Differences between bullet loans, installment loans, and revolving loans Various security measures Situations when loans go bad 8. Draft and Direct Collections: Define draft collection Explain how draft collections work Explain the contents of letter of instruction Define documentary sight drafts Define documentary time drafts Define avalized drafts Explain how to choose among the different types of documentary drafts Define clean drafts Describe borrowing against draft collections Explain how direct collections work 6. Standby Letters of Credit: The meaning of standby letters of credit The working of standby letters of credit The meaning of bid bonds The concept of performance bonds Advance payment bonds Credit line support Evergreen letters of credit Clean letters of credit 7. Structuring Trade Loans: How do companies finance international trade The differences between: Trade financing and regular lending Trade financing and project financing The two basic variations in trade financing Different trade structures Various tools used for financing international trade 9. International Payment Terms: The life of a trade transaction Risks involved in cross-border transactions What exporters are looking for What importers are looking for Choosing credit/payment terms How documentary collections work: sight drafts & time drafts How letters of credit work For more information, please visit:

6 UCP600 & International Trade Services Target Audience With the inherent potential to be a vital e-learning and reference module for transactions involving trade finance documents, KESDEE s twin-suite of e-learning course libraries on UCP-600 & International Trade Finance are relevant for professionals in international trading, like bankers, exporters, importers, lawyers. Subject Matter Expert Walter (Buddy) Baker has over 25 years of experience in international trade finance. His work experience includes, senior roles at Atradius Trade Credit Insurance and ABN AMRO Bank Buddy is a recognized expert in trade finance and has made numerous presentations for national associations of exporters, importers, bankers, and lawyers. Buddy serves as a member-at-large of the National Letter of Credit Committee of the International Financial Services Association. He was actively involved in establishing national and worldwide standard practices for L/Cs, including UCP600, International Standard Banking Practices ("ISBP"), and the "eucp" supplement. He acts as an advisor to the Wolfsberg Group, an international group that includes most of the largest banks in the world whose purpose is to set standards for combating money laundering, and to the Institute for International Banking Law and Practice. He also serves on the Board of Directors of the FCIB, a multinational association of export credit managers. Buddy received his undergraduate degree from Yale University and his MBA from Kellogg School of Management at Northwestern University. info@wtcsd.org 2980 Pacific Highway San Diego, CA U.S.A. Ph: Fax: Copyright 2010 KESDEE Inc.