LC Rules & Practices under UCP 600 and ISBP 821_Latest version 1st July 2023

Course Information

1 Day Course

Time: 9am – 5pm


Course Introduction

All it takes is just one discrepancy in export letters of credits (LCs) and bills of lading (BLs) to result in non-payment. To avoid discrepancies those handling LCs and BLs and shipping documentation must know the LC rules and practices under ISBP821 and UCP 600.

ISBP 821 is the most up to date, comprehensive guide to handling and examining trade documents under documentary credits. An invaluable source of practical information for trade finance professionals and academics, this revised edition of ISBP provides readers with the latest ICC approved guidelines for all parties to documentary credits on how to prepare LC documentation to avoid possible discrepancies.

Who Should Attend

For Trade Finance operations staff who need to have an operational knowledge of letters of credit regulatory framework for minimizing discrepancies and handling documents under Letters of Credit. Relevant for Customer service staff, order processing staff, shipping and logistics staff handling import and export documentation.

Course Outlines

Topic 1: General Principles
Topic 2: Transport Documents
Topic 3: Multimodal or combined transport document
Topic 4: Bill of lading transport document
Topic 5: Non-negotiable sea waybill transport document
Topic 6: Charter party bill of lading transport document
Topic 7: Air Transport document
Topic 8: Road, Rail or Inland Waterway transport documents
Topic 9: Other Documents
Topic 10: Drafts and calculation of maturity date
Topic 11: Invoices
Topic 12: Insurance documents and coverage
Topic 13: Certificate of Origin
Topic 14: Packing list
Topic 15: Weight list
Topic 16: Beneficiary certificate
Topic 17: Non-negotiable sea waybills
Topic 18: Analysis, Inspection, Health, Phytosanitary, Quantity and Quality certificates

Trainer's Profile

Mr. Victor Tan

Victor Tan, MBA(Strathclyde), ACIB, MInstAM, is a qualified Life Associate Member of The Chartered Institute of Bankers, London and has 15 years of banking experience covering the areas of International Trade Finance, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank, where he was Deputy Head, Trade Finance, on leaving the Banking industry in 1992.

Since 1992 until now he has been a Training Consultant and conducts regular Company In-house training for Corporate clients and Public Seminars, as well as he undertakes regular training assignments regionally, in Jakarta, Manila and Bangkok. He also holds a Master of Business Administration degree from University of Strathclyde, UK.

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