Overview

All it takes is just one discrepancy in export letters of credit (LCS) and bills of lading (BLs) to result in non-payment. To avoid discrepancies, those handling LCs and BLs must know the UCP 600 and ISBP 745 thoroughly. While UCP 600 was effective in July 2007, the ICC Banking Commission approved the latest ISBP (International Standard Banking Practices) 745 in 2013 to supplement and clarify the UCP 600 further, detailing key principles of document preparation, and rules for the examination of documents. What was previously, considered a discrepancy is now no longer valid discrepancies for an issuing bank to reject payment. It is imperative that importers, exporters and bankers alike are updated with the UCP 600 and ISBP 745.

Course Outline

• General principles
• Transport documents
• Multi-modal or combined transport documents
• Bills of lading
• Non-negotiable seaway bills
• Charter party bills of lading
• Air transport documents
• Road, rail or inland waterway transport documents
• Other documents
• Drafts and calculation of maturity date
• Invoices
• Insurance documents and coverage
• Certificate of origin
• Packing list
• Weight list
• Beneficiary certificate
• Non-negotiable seaway bills
• Analysis, inspection, health, phytosanitary, quantity and quality certificates

Target Audience

Staff involved in Customer Service, Order Processing, Finance and Accounting in charge of A/Cs Receivables, Shipping & Logistics staff, Credit Analysis and Credit Control staff, Sales & Marketing staff, Freight Forwarding and Shipping staff and any company intending to export regionally and globally.

Trainer Profile

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 operational areas of International Trade Finance, Letters of Credit, 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.ate 

Administrative Details

Please log on with your Username and Password to register. If you have no existing account with Singapore Business Federation (SBF), please create one for registration. Upon registration, you can make payment directly by PayPal (for Credit / Debit Card), PayNow Corporate or Bank Transfer. An auto e-acknowledgement and invoice will be sent to your registered email.

No cancellation is allowed upon registration but attendance by a replacement delegate from your company due to exigency could be facilitated. Please notify SBF of this change, giving at least 3 working days’ notice prior to the date of the workshop to enable logistical arrangements for the replacement. Full payment must be received with registration prior to the date of the workshop to guarantee your place. Admission into the workshop is only allowed if payment / proof of payment has been received prior to the day. Participants will still be liable for payment in the event of no-show on actual day of the workshop.

SBF reserves the right to cancel, postpone, reschedule or make any adjustments to the workshop where necessary.

Other Payment Modes:

Select one of the following electronic payment options available (Please key in the invoice number for our reference)

PayPal (pay by Credit or Debit card)

PayNow Corporate (UEN: T02SS0073H)

Bank Transfer (Bank / Branch Code: 7375 / 018, Account No: 118-313-180-5)

Billing Organisation via UOB or DBS Website/Mobile app

Ref No.: SB220600

DISCLAIMER

All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these events. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your particular situation, please inform our staff.