5th Annual Letter of Credit MasterClass held in Dubai
08/04/2014The 5th annual Letter of Credit MasterClass was held in Dubai on 7 & 8 April 2014 with 110 attendees. The topics covered included a review of the latest ICC Opinions; Incoterms from a corporate and bank perspective; standby LCs; document preparation and examination; the common pitfalls with letter of credit processing and handling; ISBP 745 in practice; Bank Payment Obligation and where it fits with the letter of credit; plus exercises and case studies.
Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more
This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...more
