معهد الدراسات المصرفية

المملكة الأردنية الهاشمية

النواحي القانونية للاعتمادات المستندية ومعاييرها (Legal Aspects of Documentary Credits & UCP 600)


المحاضر تاريخ البداية تاريخ النهاية توقيت البداية توقيت النهاية مكان الانعقاد عدد الساعات سجّل الآن
2018-07-22 2018-07-25 16:30 20:00 عمان 14
سجّل الآن

(Objectives / الأهداف)

:

-  Understanding the general legal nature of international trade and trade finance.

-  Understanding the legal relationship arising from the underlying transaction and the letter of credit between the parties; the seller/beneficiary, the buyer/applicant and the banks.

-  Understanding the rules and regulations governing letters of credit.

-  Understanding the legal effect of the articles of UCP 600 and their interconnection with applicable laws and national courts in certain situations.

-  Understanding the fraud exception to payment.


(Contents / المحتويات)

:

- International Trade: An Overview:

- Parties in different countries/jurisdiction.

- Documents of title.

- Trade finance and its benefits.

- Development of banker’s documentary credit.

- The need for a set of unified customs and practices.

- UCP: An Overview:

- ICC and its publications.

- What is UCP?

- History of UCP.

- UCP 600. 

- Letters of Credit:

- Definition.

- Parties and legal relationships “The four contracts in a confirmed irrevocable credit”.

- The three major doctrines:

- Contracts autonomous.

- Contracts interconnected.

- Strict Compliance: Banks deal in documents, not goods.

- UCP 600: Application:

- A set of unified customs and practices ancillary to applicable law.

- Conflict of laws: Parties autonomy and the closest connection principle.

- Differentiating letters of credit from standby letters of credit, performance bonds and guarantees and rules applicable thereto; e.g. ISP.

- Definitions of the terms used in UCP 600.

- Interpretation of certain ambiguous terms.

 - UCP 600: Availability and Roles of Banks:

- How and where payment is available.

- Roles and responsibilities of various banks:

- The issuing bank.

- The confirming bank.

- The advising bank.

- UCP 600: Amendments and Communication:

- Amendments.

- Communications.

- Roles and responsibilities of the nominated bank.

- UCP 600: Examination of Documents:

- Presentation and standards governing how documents are examined and what handling is required; ISBP.

- Discrepancies.

- Circumstances in which the letter of credit must be honored and those in which it may be honored despite discrepancies in the documents; waivers.

- Disclaimers.

- Originals and Copies.

- Various documents presented.

- eUCP.

- UCP 600: Reimbursements:

- Reimbursements among banks.

- The applicant’s duty of reimbursement.

- Applicable rules; e.g. URR.

- UCP 600: General:

- Extension.

- Tolerance.

- Partiality.

- Substantial Legal Principles and Instances:

- Defenses to payment.

- Force Majeure.

- Transferability.

- Assignment of Proceeds.

- Injunctions.

- The Fraud Exception:

- Rationale and source.

- Effect: Fraud unravels all.



(Participants / المشاركون)

:

- All parties involved with letters of credit , especially mid-level to top-level bankers and lawyers dealing with letters of credit.