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ProfileThe Institute of Banking, Riyadh
Title: Documentary Credits in Practice Workshop – Facilitated by Gary Collyer
17 – 19 May 2008
Objectives:
Demonstrate to attendees best practice in Documentary Credit handling. Understanding the principles of UCP 600 in day to day dealings with Documentary Credits. Implementation of international standard banking practice as referred to in UCP 600.
Who should attend?
Personnel involved in the handling of Documentary Credits from Banks, Corporates, Law Firms, Logistics, Transport and Insurance Companies, Letter of Credit experts and International Trade Specialists.
Pre-requisites:
At least an average to good level of understanding of UCP principles and the practicalities of Documentary Credits. Understanding of English language.
Fees: SR 10,500 per participant.
May 17, 2008 – Day One
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08:00-09:15 |
Introduction and aims of the workshop General Documentary Credit Principles International role of Documentary Credits and its future
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09:15-09:30 |
Break
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09:30-10:45 |
Structure of a Documentary Credit and applicable UCP 600 rules Documentary Credit Cycle, Form & Structure, application of Rules, Parties, Liabilities and Responsibilities of applicant, issuing bank, confirming bank, nominated bank, advising bank and beneficiary. Including review of applicable UCP 600 rules: Articles 1-5, 7-9, 11-12
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10:45-10:55 |
Break
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10:55-12:00 |
Structure of a Documentary Credit and applicable UCP 600 rules Expiry, Expiry Place, Availability, Partial Shipment and Transhipment, Shipment from and to. Including review of applicable UCP 600 rules: Articles 6, 29, 31, 33 and 36
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12:00-12:50 |
Lunch and Prayer Break
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12:50-14:10 |
Structure of a Documentary Credit and applicable UCP 600 rules Goods description and required documents (Commercial Invoice, Transport and Insurance). Including review of applicable UCP 600 rules: Articles 14 (e), 18-28
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14:10-14:20 |
Break
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14:20-15:30 |
Structure of a Documentary Credit and applicable UCP 600 rules Other required documents, documentary requirements and additional conditions seen in Documentary Credits. Including review of applicable UCP 600 rules: Articles 14 and 17
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15:30 |
Close |
May 18, 2008 – Day Two
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08:00-09:15 |
Different types of Documentary Credits and how they are used: (Red Clause, Revocable, Advance Payment, Back-to-Back, Reinstatement, Revolving, Transferable and Instalment) Assignment under Documentary Credits Including review of applicable UCP 600 rules: Articles 32, 38 and 39
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09:15-09:30 |
Break
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09:30-10:45 |
Review of remaining UCP 600 rules Articles 14 (remaining segments), 15, 16, 30, 34, 35 and 37
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10:45-10:55 |
Break
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10:55-12:00 10:55-12:00 |
Amendments and Bank to Bank Reimbursements under Documentary Credits Including review of applicable UCP 600 rules: Articles 10 and 13 plus URR 525
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12:00-12:50 |
Lunch and Prayer Break |
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12:50-14:10 |
Case Study 1
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14:10-14:20 |
Break
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14:20-15:30 |
Case Study 2
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15:30 |
Close |
May 19, 2008 – Day Three
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08:00-09:15 |
Recap of Day 1 and 2 Question and Answer session
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09:15-09:30 |
Break
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09:30-10:45 |
Documentary Credit and UCP Questionnaire (part 1)
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10:45-10:55 |
Break
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10:55-12:00 |
Documentary Credit and UCP Questionnaire (part 2)
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12:00-12:50 |
Lunch and Prayer Break
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12:50-14:10 |
Answers to Documentary Credit and UCP Questionnair
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14:10-14:20 |
Break
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14:20-15:30 |
Final Question and Answer session
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15:30 |
Close |
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