Trade Finance for Lawyers

This one day seminar, aimed at lawyers and non-bankers, provides and insight into trade finance practices and related risks.

After attending the course participants will be able to explain to their clients the benefits of using Incoterms, as well as detail the different methods of providing finance and their key characteristics.

They will also be able to assist with identifying and structuring the appropriate trade solutions for customers, assess various risks to both the bank and the client in international trade transactions and explain and identify ways of mitigating that risk.

Course Content:

Incoterms 2000:
 The purpose of Incoterms
 The 13 Incoterms
 How Incoterms affect the documents that exporters must produce

Key characteristics of Commercial & Financial Documents
 Invoices
 Transport Documents
 Insurance Policy/Certificate
 Understanding the use of Bills of Exchange and Promissory Notes

Documentary Collections
 Parties and responsibilities
 Uniform Rules for Collection 522

Introduction to UCP 600
 Purpose
 Structure
 Articles

Instructions to issue/amend Letters of Credit
 The importance of the application form (legal issues)
 Workability of the credit

Examination of documents
 International Standard Banking Practice ISBP 681
 Key elements of the main articles of UCP 600
 Processing non-compliant documents as issuing bank
 Processing non-compliant documents as Nominated/Confirming Bank
 Risks arising from non-adherence to UCP 600 & ISBP 681

Related issues
 Assignment of Proceeds under Letters of Credit

Specialised Letters or Credit
 Transferable
 Back-to-Back
 Red Clause Credits
 Revolving & Reinstatement Credits
 Standby

Contract Guarantees
 Types
 Risks
 Security

Delivery:	Classroom
Regions:	London
Category:	Business Law