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Bankers & Traders’ Guide to Revised ISBP

The Center for Global Best Practices, in collaboration with the International Chamber of Commerce, will host a two-day training entitled, Revised ISBP on LC Transactions forBankers, Importers & Exporters, Lawyers, Insurers & Transporters to be held on Wednesday and Thursday, November 28 & 29, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.

International Standard Banking Practice (ISBP), which needs to be understood by different stakeholders who are involved in international trading of imported and exported goods,  provide details on how to apply banking practices under Uniform Customs and Practice for Documentary Credits (UCP 600) to various trade documents (invoices, transport documents, bills of lading, certificates of origin) and feature documents including packing list, weight list, beneficiary certificate, non-negotiable sea waybills, analysis, inspection, health, phytosanitary, quantity and quality certificate, etc.

All it takes is just one discrepancy in export / import Documentation under LC to result in Non-Payment. To avoid discrepancies, those handling Letters of Credit must know the UCP 600 & ISBP 2013 thoroughly. This revised ISBP addresses a range of subjects, for example, typing errors, mathematical calculations, drafts and how they are drawn, description of the goods in invoices and signing of bills of lading, among others. This two-day training program will teach you the its basic principles, different types of transport documents, drafts and calculation of maturity date, invoices, documents and coverage, insurance, certificates and many more. Learn and relearn the key terms of the ISBP. Be guided on the frequently asked questions such as “What’s new in ISBP 2013”, “Do copies of documents need to be signed, who may be the issuer, signatory of the documents” and “How to correct inconsistencies in documents” among many others.

This will feature Singapore-based expert, Victor Tan, who is an authority in the field of International Trade.  He has 15 years of banking experience in Europe covering areas of international trade finance, remittances, guarantees, and import and export. He has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank, the last of which he served as deputy head of the trade finance department. He conducts highly specialized training programs for clients in Jakarta, Bangkok and Singapore.

Note: Registration is open to the general public. Public Officials and government employees attending training programs like this are exempted from the Php 2,000 limit set by COA based on the DBM Circular 563 dated April 22, 2016.

Interested participants may choose to avail of the following:
a) 5% Early Payment Discount (valid until November 18)
b) 5% Group Discounts (for a group of 3 or more)

Participants who will be attending this program can also attend these International Trade Programs:

     Thursday, February 21, 2018

     Thursday, March 7, 2019

3) Understanding Trade Finance for Auditors
     Wednesday and Thursday, April 25 & 26, 2019

4) ICC Model International Sales Contracts

     Date to be announced.

5) Best Practices in Handling Customs Tax Audits & Remedies
     Date to be announced.

You may also find of interest the following programs:

     Friday, November 9, 2018

     Friday, November 23, 2018
     (CPD Accredited)

 3) Write Right for Positive Results!
     Thursday, November 29, 2018

4) Best Practices in Project Feasibility Study and Analysis
     Thursday and Friday, December 13 & 14, 2018

5) Best Practices in Facilities and Maintenance Management
     Thursday and Friday, January 10 & 11, 2019

6) BIR Computerized Accounting System Compliance for Medium and Large Taxpayers
     Friday, February 22, 2019

7) Refresher Course on Business English
     Thursday and Friday, February 28 & March 1, 2019
     (CPD Accredited)

     Thursday, April 11, 2019

 9) Best Practices in Corporate Housekeeping
     Thursday and Friday, May 23 & 24, 2019

 10) How to Really Read Financial Statements
       Wednesday and Thursday, July 10 & 11, 2019
       (CPD Accredited)

 11) Many more at www.cgbp.org
Interested participants may contact
Center for Global Best Practices

Telephone Numbers:
Metro Manila: (+63 2) 842-7148 or 59 and
                           (+63 2) 556-8968 or 69
Baguio Line:     (+63 74) 423-2914
Cebu City:        (+63 32) 512-3106 or 07
Legaspi City:    (+63 52) 736-0148


CGBP also accepts in-house training and consulting for individuals, families, and corporate clients. We invite you to check our website for a complete list of Best Practices programs.

#BestPractices #UpcomingSeminars2018 #PhilippineTraining #SeminarsPh #PhilippineConferences  #Incoterms2010 #TradeIndustry #Shipping #Shipment #MasteringImportandExport #InternationalTrade #InternationalTradeTerms #UCP600 #ISBP13 #LettersofCredit #PhilippineTrade #ImportandExport #GoingInternational #GlobalShipment #TradeYourWay #TradeTerms #RevisedISBPonLCTransactions

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