Circular No.: PC-07-0200 How to Prepare for the New UCP 600 – Changes & Pitfalls Supported by: Workshop on 2 June 2007 The new UCP 600 (Uniform Customs and Practice for Documentary Credits, ICC Publication No. 600) was approved on October 25, 2006 and to be implemented globally on July 1, 2007. To identify the major changes, improvements and pitfalls of UCP 600 compared with UCP 500. To advise the banking and commercial sectors how to prepare for UCP 600 in terms of business development, risk management and operation improvements. Since 1998, Mr. Fung has been invited by over 65 institutions, including the Supreme People Court of China, ICC – Paris, China, Austria and Hong Kong, Hong Kong Law Society, Institute of Law & Practice, Association of Banks in Singapore, Institute Bank-Bank Malaysia, various international and PRC financial institutions to conduct over 260 legal and banking workshops in Asia, Europe and USA. Over 16,000 judges, lawyers, bankers and business executives have attended Mr. Fung’s highly interactive workshops with excellent feedback. Partner at the Hong Kong office of DLA Piper Rudnick Gray Cary (the second largest law firm in the world) specializing in Banking and International Trade Finance Law & Practice One of the 3 private practice lawyers to be members of the ICC Consulting Group on Revision of UCP 500 Former Vice President and Head of Trade Finance at Bank of America N.A. Would a beneficiary be entitled to recover the purchase price under a sale contract though the documents presented under an L/C are rejected due to discrepancies? What are the distinctions between “honour” and “negotiation”? Are acceptance and deferred payment L/Cs negotiable under UCP 600? Author of “Leading Court Cases on Letters of Credit” published by the ICC in 2005 An ICC expert under the Documentary Instruments Dispute Resolution Expertise (“DOCDEX”) Rules Member of the Executive and Banking Committees of ICC – HK, China What is the reasonable time for documents examination and new requirements of a rejection notice under UCP 600? Trade Finance & Banking Expert Witness in Hong Kong Courts New rules on transport and insurance documents. Member of The Academy of Experts on Banking and Structured Trade Finance Who bears the risk of loss of documents in transit? How to manage trade fraud documentary risks effectively? and Bankers and trade finance practitioners in the commercial sector. Circular No.: PC-07-0200 How to Prepare for the New UCP 600 – Changes & Pitfalls Workshop on 2 JUNE 2007 Workshop details: Language : Cantonese (supplemented with English materials) : 2 June 2007 (Saturday) : 9:00 am to 1:00 pm : HK$850 (Individual members) HK$950 (Corporate members’ staff) HK$1,100 (Non members) : HK$100 discount will be given to those enroll on or before 5 May 2007 Date Time Fees Early Bird Venue : 3/F Guangdong Investment Tower, 148 Connaught Road Central, Sheung Wan (Sheung Wan MTR Station Exit C) : By fax at 2544 9946 or In person at our Institute : 2815 1552 / 2153 7879 Enrollment Enquiry Supported by: Registration Form How to Prepare for the New UCP 600 – Changes & Pitfalls (PC-07-0200) Full Name : Mr/Ms (as on I.D. Card) Chinese Membership no. : Organization : Position : Telephone : Mobile : E-mail : Facsimile : Address : * Course confirmation notice will be sent to you via this e-mail address one week before course commences Crossed cheque made payable to The Hong Kong Institute of Bankers (Cheque no.: _________________________________________) Payment Method : Credit Card : VISA Mastercard Amount: HK$ _____________________________________________________ Cardholder Name : _______________________________________________________________________ Signature : _________________________________________________________ (mm/yy) Card No. : ______________________________________________________________________________________ Expiry Date : ______________________________________________________ Terms and Conditions 1. 2. 3. 4. 5. 6. All fees paid are non-refundable. Participants who have settled payments will receive course confirmation by e-mail 7 days prior to the course date. All payments must be settled before course commencement. In case of over-subscription, priority will be given to those who have settled the course fees. We reserve the right to cancel, modify and/or postpone the course. All courses will be held as scheduled if Typhoon Signal No. 8 or above/Black Rainstorm Warning is lowered 3 hours before the course's start time. Address : 3/F Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong Tel : 2815 1552 Fax : 2544 9946 Email : [email protected] Web-site : www.hkib.org