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Workshop “ICC Uniform Rules for Demand Guarantees URDG758” at Vietnam | Welcome to Hoang Nghiep Training and Consulting
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Home » International Trade, Training Schedule on Quarter 3 -4 2012

Workshop “ICC Uniform Rules for Demand Guarantees URDG758” at Vietnam

22 June 2010 No Comment

WORKSHOP

ICC Uniform Rules for Demand Guarantees URDG758 at Vietnam

URDG 758 effective since 1 July 2010

The Uniform Rules for Demand Guarantees

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FACILITATOR: Mr. VINCENT O’BRIEN

VENUE: KIM DO HOTEL, KING HALL, 9TH FLOOR

133 NGUYEN HUE STR., DIST. 1, HCM CITY

DATE: THURSDAY, 31 AUGUST 2010

TIME: 8.30AM – 5PM

Introduction

Trade Finance is generally considered to involve less risk for banks than other mainstream forms of bank financing.   Traditionally banks have had very low loss provisions when providing finance or securing trade deals using traditional trade finance instruments, such as letters of credit or guarantees

The independent demand guarantee has played a critical role in the advancement of international business over the last 3 decades with the use of guarantees continuing to increase.

The advent of the financial crisis has accelerated the use of demand guarantees as contracting parties strive to cover the risks of no performance or non payment with contracting counterparties,

The newly revised URDG 758 of the international chamber of commerce will provide the perfect balance of risk coverage and the flexibility to support the increased global demand for demand guarantees.

This workshop is delivered by a member of the ICC Task Force on Guarantees and a long standing member of the ICC Banking Commission

  • The obligations of banks under the new URDG 758 rules will be explained in detail.
  • Each and every article or rule of the new URDG 758 rules will be explored.
  • Expert advice on the application of the URDG 758 will be provided.

This workshop will be of significant benefit to exporters, importers, construction companies, investment project managers, trade finance bankers, corporate lawyers and expanding SME companies.

The Facilitator:

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Mr. Vincent O’Brien is a highly experienced practitioner of International Trade Finance being a long-standing member of the ICC Banking Commission. He has more than 20 years international trade banking experience and has delivered trade finance technical assistance and training in more than 50 countries worldwide.

Mr. O’Brien is a member of the ICC’s Forfaiting Task Force (Discounting of Bank Deferred Payment Obligations) as well as a member of the ICC’s Task Force on Guarantees.

Mr. O’Brien is a regular and respected contributor to international trade finance publications such as Documentary Credits Insight, Global Trade Review, LC Monitor and Documentary Credit World and he has successfully acted as expert witness for banks in cases the application of ICC rules.

Vincent acts as technical trade advisor to China Systems Corporation, the largest trade finance systems vendor in the World.

He was recently appointed as the ICC Banking Commission Representative to the WTO Expert Group on the Financial Crisis.

Please click here to download Workshop’s schedule.

Please download the Registration Form here

For registration, please contact:

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Hoang Nghiep Training and Consulting
Tel: 84-8-66-788-655 or 66-728-124     Fax: 84-8-62-601-198
Hot line: 0955-247-889
Email: hoangnghiep@gmail.com or info@hoangnghiep.com Website: www.hoangnghiep.com

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