Seminar on
ICC Rules for Trade – ICC Tools for Trade

Operations, legal cases and proven trade finance strategies

This ICC Sri Lanka one-day seminar on essential ICC Rules focusing on UCP 600, Incoterms® 2010 will provide a comprehensive review of the new Incoterms® rules and take a detailed technical look at proven methods of generating discrepancy free transport and commercial documents for presentation under Documentary Letters of Credit based on the UCP 600 rules and international standard banking practice.

With the effects of the global financial and economic crisis still being felt in most countries, businesses need to take even more stringent measures to ensure that their sales transactions are watertight. Understanding the new provisions of Incoterms® 2010 and how the changes impact users will provide businesses with the confidence and legal certainty to trade in unfamiliar markets and save both and money.

In the context of the global financial crisis the recently published ICC Global Trade Finance survey which gleaned hard facts from more than 100 countries reported that ‘34% of respondents indicated an increase in the percentage of documents refused on first presentation’ and ‘94% of respondents experienced increased pressure from applicants to refuse documents during 2010’.

This ICC Sri Lanka workshop will take the ICC rules and empower participants to use them as tools to undertake secure and successful international trade and finance transactions.

Incoterms® 2010 deal only one of the contracts needed for an international sale, namely the contract of sale. However, this seminar has a broader focus also dealing with the challenge of generating and presenting discrepancy free transport documents thus facilitating effective and timely conclusion of contracts and positively managed international trade cash flow and security of payment.

Who should attend?

This training will be of particular interest to:

•   Contract/Execution managers involved in the export      and import of goods;
•   Trade finance officers in banks;
•   Export or Import consultants and advisors
•   Professionals working in finance and risk departments
•   In-house freight and carriage operatives with carriers;
•   In-house insurance specialists with insurance      companies;
•   In-house members of the legal profession advising any      of the above;

Venue : HNB Towers Auditorium,
Level 22, HNB Towers, Colombo 01000.
Date : 10th December 2011
Time : 0900 -1700

Investment:

   Members – Rs. 6,854.40 (Includes 2%NBT & 12%VAT)
   
   Non Members – Rs. 7,425.60 (Includes 2% NBT & 12%VAT)
   
Cheques: In favour of International Chamber of Commerce Sri Lanka

Complete the attached registration form and send on or before 30th November 2011 to the

International Chamber of Commerce Sri Lanka
53, Level 5, Vauxhall Lane, Colombo 00200.
Tel: 011 2307841/ 011 5230932 Fax: 011 2307841
E mail: iccsl@sltnet.lk

The seminar will be conducted by Mr. Vincent O’Brien, who is a leading member of the International Chamber of Commerce Banking Commission (ICC) and Director of the Electronic Business School International.

He has acted as the examiner of International Trade Finance for the Institute of International Trade of Ireland; and is the lead content writer for ICC’s Online Trainings in Incoterms® 2010, Mentor600 (Documentary Credits) and UCP 600. His practical skills are applied at China Systems Corporation, the largest trade finance systems provider in the World where he acts as Technical Trade Advisor and he is Special Trade Advisor to China Minsheng Banking Corporation, the most active private bank in trade finance in China.

He is also a regular and respected contributor to international trade finance publications such as Documentary Credits Insight, Global Trade Review, LC Monitor and Documentary Credit World.