Documentary Credits Masterclass: Practical Issues, Risks and Challenges in International Trade and Commodities

Despite increased digitalisation, Documentary Credits still play a pivotal part role in International Trade, particularly for commodities and developing markets.

This intensive seminar will provide a practical and interactive analysis of regulation, practice and risk in International Trade and Documentary Credits with particular focus on commodity finance.

What will be covered?

• The financing of international trade
• Practical interactive case study: Issuance of documentary credits – how to get it right
• UCP 600 – key articles analysed
• An analysis of specialised documentary credits (including Back to Back, Transferable, Red Clause, etc)
• Letters of indemnity in oil transactions: Key considerations and risks to avoid
• International Standard Banking Practice for the examination of documents under UCP 600 (ISBP 745)
• Practical interactive case study: key elements for document checking
• Update on financial crime, fraud prevention, together with KYC and AML initiatives in international trade
• How to balance the autonomy principle of documentary credits with the challenges of regulation, compliance and fraud

Who should attend?

• Trade, export and commodity finance practitioners
• Corporate bank relationship managers
• Staff within compliance, credit and risk management functions
• Relationship managers within financial institutions
• Documentary credits and trade operations personnel

Meet your trainer

John Turnbull, Director, Certis International is a senior Banker and Trade Finance specialist with 35 years experience of origination, negotiation, structuring, risk management and regulation of the full range of international trade transactions. Formerly Joint General Manager and Global Head of Structured Trade and Commodity Finance at Sumitomo Mitsui Banking Corporation Europe Ltd. John has acted as expert witness in a number of high-profile trade finance legal cases. He was Co-Chair of the ICC Commission on Banking Technique and Practice’s Consulting Group on the most recent revision of the UCP.

For 10 years since its inception he was the Chair of the Association of Foreign Banks Trade Finance Committee. Chairman of the ICC UK Banking Committee and member of the ICC Banking Commission Global Financial Crime Committee and the joint ICC/Wolfsberg Committee. Representative on many national and international trade committees, including previously a Board Member of the International Energy Credit Association in the USA, a current long-standing member of the IECA European committee and a member of the editorial board of GTR magazine.

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