Proposal - Bank Ocbc Nisp

PROPOSAL – BANK OCBC NISP
TWO DAY IN-HOUSE TRAINING ON:

LC UPDATES
INTRODUCTION
Currently majority of letters of credit issued everyday is subject to latest version of the UCP.
This widely acceptance is the key sign that shows the importance of the UCP, which are the
most successful private rules for trade ever developed.
They are often used in international transactions to ensure that payment will be received
where the buyer and seller may not know each other and are operating in different countries.
In this case the seller is exposed to a number of risks such as credit risk, and legal risk caused
by the distance, differing laws and difficulty in knowing each party personally.
A letter of credit provides the seller with a guarantee that they will get paid as long as certain
delivery conditions have been met. For this reason the use of letters of credit has become a
very important aspect of international trade.
THE PROBLEM
International business demands fast, accurate documentation to process payments as soon as

possible. We believed the best way to do this was by generating Letter of Credit (LC)
documentation in-house. However, this methodology created problems upon problems,
including:
 Inaccurate documentation
 Increased expenses and wasted money
 Cash flow problems
 Exhausted, unhappy employees
THE SOLUTION
ICC Indonesia Commission on Banking brings up a workshop on updates on the practice of

letter of credit - addressing the current challenges that business face. Inviting internationally-
renowned speaker and expert in trade finance Dr. Soh Che Seng, ICC Indonesia attempts to
figure out a solution to the trading activities susceptible to risks and fraud.
PROPOSAL
WHO SHOULD ATTEND
 Department :
− International bank guarantees experts
− Trade finance specialists
− Project finance specialists
− Risk managers
− Compliance managers
− Managers – Financial Institutions
− Legal
OBJECTIVE
 To create awareness of frauds and risks in trade financing activities;
 To understand the red flags in financial instrument frauds;
 To learn how to prevent and mitigate risks in trade finance.
SPEAKER: MR. SOH CHEE SENG

Dr. Soh Chee Seng is Technical Consultant on Trade Finance Issues for the Association of
Banks in Singapore and External Trade Finance Adviser of a number of banks in Asia Pacific.
He has more than 25 years experience in trade finance operations with local and foreign
banks in Singapore and Malaysia. He currently serves as a member of the UCP600 Drafting
Group commissioned by the ICC Banking Commission to revise UCP500. He served as a
member of the task force on international standard banking practice for documentary credits.
Dr. Soh is also a member of the Panel of Experts, International Chambers of Commerce (ICC)
Rules for Documentary Credit Dispute Resolution Expertise (DOCDEX).
Dr. Soh has been invited by the a number of financial institutions and bankers associations in
South East Asia to conduct a series of workshops on international trade finance, risks in trade
finance, ISBP, UCP500, ISP98 and Incoterms 2000. He has also been invited by the Supreme
People’s Court of China, Shanghai High People’s Court and Tianjin High People’s Court to
conduct seminars on ISBP for the judges in China. He has been invited as an expert witness to
give his opinions on numerous LC cases in China, Hong Kong, Malaysia, Singapore and South
Korea.
Dr. Soh received his Ph.D. in law from the China University of Political Science and Law in
2011. He received his first degree, Bachelor of Commerce degree with first class honours
major in Economics, from Nanyang University, Singapore, in 1973, and completed the
Advanced Bank Management Program with the Asian Institute of Management in Manila in
1986.
AGENDA
AGENDA
AGENDA LC UPDATE
DAY 1 :
1. Problems Arise in UCP600
a) Should SBLC be subject to UCP?
b) Four Different Types of LC Versus only Two Types of LC
c) Role of Advising bank and Nominated Bank
d) Issuing Bank’s Undertaking
e) Requirement of Drafts in LC
f) Invoice and Commercial Invoice
g) Presentation Period
h) Force Majeure
i) Transferable LC
j) Transfer by Operation of Law
k) Syndication and Participation
l) More….
2. Opinions of ICC Banking Commission
a) Rescind of ICC Opinions
b) Controversial Opinions
3. LC Case Studies
a) Article 15 of UCP 600 – When?
b) Independent Undertaking
c) More …..
DAY 2 :
1. ISBP 681 versus ISBP 745

a) The Standard?
b) The Problems
c) More
2. Latest ICC Opinions
a) TA814rev4 – Currency Code
b) TA816rev – Short shipment and short drawing
c) TA817rev – FCL vs. CY/CY
d) TA820rev4 – Acceptance of amendment
e) TA828rev – Conflicting data?
f) TA830rev – Collection subject to URC522
g) TA833rev – Net weight vs. Gross weight
h) More
3. LC Case Study
Reply Slip
IN-HOUSE TRAINING ON
LC UPDATE
COST : IDR 205.000.000,-

DISCOUNT : IDR 30.000.000,-
TOTAL IDR 175.000.000,-

Include:
 Fee Speaker
 Study guide
 Accommodation Speaker
 Transportation Speaker
 Sertifikat
Exclude:
 Venue, coffee break and training tools (such as laptop and Infocus )provided by user
 Training out of town , accommodation and transport speaker will be charged to user
Bank Information
Payment should be made to ICC Indonesia
ICC INDONESIA
PT Bank Mandri (Persero)Tbk , Jakarta
Graha Irama Branch
IDR Account No. 124.000.6755.608
Please complete this Reply Slip and return it to ICC Indonesia by email to
[email protected] (attention: Santi/Susan).
CONTACT DETAILS :
Company : ______________________________________________________________
Name : _____________________________ Position : _________________________
Address : ______________________________________________________________
______________________________________________________________
Telp : ________________________________ Fax : ________________________
Email : ______________________________________________________________
Date…………………………………………………….. Signature……………………………………………
Tempo Pavilion 2, 2th Fl., Jl. HR. Rasuna Said Kav. 10 Jakarta 12950
Tel: 62-21-29667914 Fax: 62-21-29667915
Email: [email protected] Website: www.iccindonesia.org

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PROPOSAL – BANK OCBC NISP

TWO DAY IN-HOUSE TRAINING ON:

International business demands fast, accurate documentation to process payments as soon as

ICC Indonesia Commission on Banking brings up a workshop on updates on the practice of

SPEAKER: MR. SOH CHEE SENG

1. ISBP 681 versus ISBP 745

COST : IDR 205.000.000,-

TOTAL IDR 175.000.000,-

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