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Trade MasterClass details and registration form

23/09/2021

For many people that are based in the Middle East region, I have been conducting an annual Letter of Credit MasterClass for the last 10 years. Held over 2-days and attended each time by well over 100 people it has become a regular feature of the Dubai trade finance events. 


The sessions have traditionally encompassed a number of aspects of letters of credit handling including case studies and Q&A sessions as well as bank guarantees and the like. At each MasterClass, attendees have also had the opportunity of mixing with their peers from other banks and organisations and many have forged firm friendships through their regular attendance. A number have attended in each year the event has been running. 

Here we are in 2021, and we still have the devastating consequences of the COVID-19 pandemic. The ability to congregate at workshops and seminars, and to fly to destinations of our choice have been seriously impacted and with very good reason. The effects of the global pandemic are truly shocking and one must hope that a vaccine for ALL will be available sooner rather than later. 

As face-to-face events are still a long way off, and in response to a number of comments made by past attendees of the MasterClass, and in a similar vein to the webinars held in 2020, I am embarking on the delivery of a further set of on-line webinars that will cover the range of topics normally included within a MasterClass. Delivery on-line opens up the attendance to those that are regulars at my event and those that have not had an opportunity in the past. I expect these webinars to commence from mid-to-late October onwards. 

The webinars will be of 60-75 minutes duration and it is possible that 2 will be held on each of the planned dates (dates and times to be determined based upon interest in a particular webinar and the location(s) of the attendees). To accommodate people in different time zones, it is possible that each webinar will be repeated at least once so that you may not be too inconvenienced by the timing. The webinars will be held via the ZOOM platform. MS Teams can also be accommodated but this will be for any bank/company specific webinars.

As each of the webinars will be of approximately one hour duration, I expect LIBF to allocate 1 CPD per webinar towards recertification for CDCS, CITF and/or CSDG. CPD’s will only be awarded to those that have been registered for the respective webinar. To avoid the issuance of numerous certificates, and where more than one webinar is attended, the certificate of attendance will be issued after the last webinar has been attended and will indicate the number of CPD’s that will be earned. A copy of the webinar powerpoint presentation will be provided immediately following the event together with any supporting material that was referred to or used in the webinar. 
Using the ZOOM platform for conducting the webinars allows for interaction to occur verbally and through the setting of various on-line questions during the sessions. 

The document in the link below provides an indication of the webinars that will be available. This is simply a listing of the webinars that will be available and not necessarily an indication of the order in which they will be delivered. There are two categories of webinar:  

Pricing for these will be very competitive: 

(a)        £17.50 per registered person per webinar. 

(b)        An order of 8-11 webinars will earn a 10% discount on the total price. 

(c)        An order for 12-16 webinars will earn a 15% discount on the total price. 

(d)        Banks that wish to register multiple attendees will receive a discount based on the total number of webinars ordered. 

For now, if you are interested, I am simply looking for an indication of interest and, where there is interest, the webinar(s) that are of interest. For this purpose, I would ask that the attached form be completed and scanned back to me at gary@collyerconsulting.com ideally not later than 7 October so that work can be concluded on the webinars that will feature first. 

For multiple registrations, details can be provided on a separate sheet and emailed to me at the above email address simply referring to the number of attendees for a particular webinar number e.g., 10 participants for webinar 1, 8 participants for webinar 6. Complete details of the individuals can be provided at the time of invoicing and payment etc. 

There is also an area at the bottom of the form (on page 2) to indicate any other topic(s) that you may wish to be considered for a webinar. If there is sufficient interest in that topic, I can certainly add it to the list of available webinars. 

I hope that this will be of interest to you and/or your colleagues and look forward to hearing from you. 

In the meantime, please stay safe and take care. 

 

Webinar Schedule 2021.pdf


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We, as the issuing bank, requested the below document, under field 46A. “Insurance policy/certificate for 10.00 percent above CIF value payable to the order of Sampath bank PLC, covering institute cargo clauses (a), institute war clauses (cargo), institute strike clauses (cargo), transshipment risks marked premium paid claims payable in Colombo irrespective of percentage.” Insurance certificate is presented containing below wording on the face side of the document. “The settlement of loss and damage will be effected, unless otherwise provided, through the intermediary of Marsh SA/NV to whom all documents are to be forwarded for this purpose, and will collect the indemnity under deduction of a commission of one percent” Also, it indicates the LC conditions as a mirror image as follows under the heading of "letter of credit conditions" whereas insurance conditions are incorporated separately in the certificate: "covering institute cargo clauses (A), institute war clauses (cargo), institute strike clauses (cargo), transshipment risks marked premium paid claims payable in Colombo irrespective of percentage" Having considered the above clauses, we have quoted below discrepancies. 1) Insurance policy indicates a deductible of 1 pct instead of irrespective of percentage. 2) Insurance not marked premium paid Beneficiary’s bank disagrees with our discrepancy and raised below argument: “Insurance policy/certificate does not indicate a deductible of 1 pct irrespective of percentage on the face of the document and banks will not examine terms and condition in insurance document as per ISBP paragraph K22 and marked as premium paid under the LC conditions. Considering above, may we have your opinion on the discrepancy quoted by us and the counter argument raised by the beneficiary’s bank.