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2022 Singapore Annual LC Survey | July 25-26 | In Person + Hybrid | 13 CPDs

2022 Singapore Annual LC Survey | July 25-26 | In Person + Hybrid | 13 CPDs

  • $ 695.00
  • Save $ 100.00


2022 Singapore Annual Survey
25-26 July 2022

This is the first event of Singapore Trade Finance WeekTo register for all three events, please click here. To register for one additional event only, visit the pages of the Guarantee & Standby Forum (27 July) or Letter of Credit Law Summit (28 July) and add to your cart.  



For over 30 consecutive years, IIBLP has brought together the top minds in international banking law, practice, and policy for this unique educational conference. For the first time since 2019, this event will again be held in-person + hybrid in Singapore!  Professionals in banking trade operations, legal, management, and compliance will come together with experts in FinTech, outside counsel, and regulators to have meaningful conversations about trade finance issues impacting us today, and tomorrow.

Note: this event will offer online participation for those who are unable or would rather not attend in person.

Location

Holiday Inn Singapore Orchard City
11 Cavenagh Rd
Singapore 229616

- Virtual participants will receive instructions for joining the conference

Who Should Attend 

• Banking Staff - including trade operations staff and management,
  any staff included in trade transactions.
• Corporate - Sales, services, FinTech, and industries involved in trade finance
• Lawyers dealing regularly with trade transactions internally or externally to banks
• Consultants advising on trade finance
• Government Personnel dealing with regional or global concerns in cross
  border finance
• Risk & Compliance Personnel 
What to Expect

• A Dynamic & Instructional environment with plenty of open dialogue

• Predictions and advice from the world’s top operational, technical and legal experts
• Gain understanding of future trends as they impact your daily operational work
• A unique cross section of technical, legal, operations, and compliance with a focus on solutions for practical implementation.
• Excellent opportunities to network with colleagues and future business partners

Additional Resources

LC Rules & Laws: Critical Texts for Independent Undertakings 
UCP600 Article 36: Force Majeure (ebook)
- Documentary Credits in Practice 
UCP600: An Analytical Commentary 
Photos from 2019 (Last in-person version)

This is the first event of Singapore Trade Finance WeekTo register for all three events, please click here. To register for one additional event only, visit the pages of the Guarantee & Standby Forum (27 July) or Letter of Credit Law Summit (28 July) and add to your cart.  



Speakers
Speakers will be announced closer to the event  

Event Schedule

Monday, July 25 - Day 1 (all times SGT)

08:30 - 09:00 | Registration & Check-In

09:00 - 09:20 │ Welcome & Introduction to Day 1

Welcome Remarks: Michael BYRNE (IIBLP)

09:20 – 09:45 | Keynote

09:45 – 11:00 | The Brave New World for Global Trade
• Russia Sanctions – challenges for banks and corporates in managing the changing landscape
• LC Practices adjusted for COVID: What’s temporary, what’s permanent? Remote Working or Return to Onsite Operations
• Impact of Lockdowns in China
• Government-Mandated Use of LCs
• ESG and trade finance – where’s the market going and the challenges seen
• Commodity Financing & Code of Best Practices

11:00 – 11:30 | Coffee & Networking Break

11:30 – 12:45 | Hin Leong Litigation
• Credit Agricole Corp. & Inv. Bank v. PPT Energy Trading
• The “Navig8 Amentrine
• The “STI Orchard”

12:45 – 13:45 | Lunch Break

13:45 – 14:45 | Coffee with Corporates 

• How did Banks Perform during the Pandemic
• Digital Signatures
• Agreements with Banks

14:45 – 16:00 | Let's Debate: ICC Opinions & Briefing Papers
• ICC Opinions Fall 2021 and Spring 2022: “Administrative Conditions” (TA915); Bad Issuance/Bad Practice (TA916); Avalised Collection (TA917, TA919); Issuer’s Failure to Pay or Refuse (TA918); B/L Signing (TA923); Insurance Document Pre-Printed Wording (TA924)
• Nondocumentary Conditions (ICC Technical Advisory Briefing No. 1)
• Meaning of “Without Delay” (ICC TAB No. 2)
• Discrepancies Rates under Documentary Credits (ICC TAB No. 3)

16:00 – 16:30 | Coffee & Networking Break

16:30 – 17:45 | Managing Vessel & Shipping Risk

• Vessel tracking: What is AIS and why do you need to be monitoring it?
• Bangladesh Bank orders vessel and container tracking
• Do you even know who owns the vessel?
• Why "flags" are not always "red"
• IIBLP/ACSS/IHS Markit White Paper on Vessel Tracking, AIS and Sanctions Evasion
• The Spectrum of Vessel Monitoring Solutions

17:45 – 18:00 | Summary, Lucky Draw, and Closing Remarks

Confirmed Speakers in yellow

Day Two: July 26th

Tuesday, July 26 - Day 2 (all times SGT)

08:00 - 08:25 | Registration & Check-In Day 2

08:25 - 08:30 │ Welcome & Introduction to Day 2

Welcome Remarks: Michael BYRNE (IIBLP)

08:30 – 09:00 | What's New from SWIFT: Trade Strategy Update
• Key Initiatives & the Future of Trade Messaging

09:00 – 10:00 | Trade Sanctions
• Russia | Iran | North Korea | Venezuela
• Sanctions Evasion: Red Flag Indicators
• Problematic Sanctions Clauses (ICC Opinion TA920)
• China Anti-Sanctions Law
• Export Licenses: Needed or Not & Do Banks Require Proof from Beneficiary
• APAC enforcement trends for 2022 and beyond

10:00 – 10:30 | Coffee & Networking Break

10:30 – 11:00 | 2022 Developments in Supply Chain Finance
• Supply Chain Finance market development and expectations
• Added definitions for SCF Techniques
• Past and ongoing projects of the GSCFF

11:00 – 12:00 | Digital Trade for the Rest of Us

• What’s new with blockchain & trade finance? Any measurable results?
• ICC Centre for Digital Trade & Innovation
• Uniform Rules for Digital Trade Transactions – Putting them in practice
• Regulatory and legal aspects
• UNCITRAL Model Law on Electronic Transferable Records (MLETR)

12:00 – 13:00 | Lunch Break

13:00 – 13:30 | Tales from the Trenches
• Triumphs, Travails, and Lessons Learned from Other Interesting LC Adventures

13:30 – 14:30 | Commercial Cases of Consequence
• Punjab National Bank v. Malayan Banking Bhd: Part 3 (Strict Compliance; Freight Forwarder B/Ls)
• The Foshan cases (double financing; non-existence commodities)
Zions Bancorp (jurisdiction in beneficiary’s state instead of confirmer’s place of undertaking due to SWIFT messaging from forum branch)
MashreqBank, NY Branch v. Indian Overseas Bank (Breach of UCP600, Fraud, Jurisdiction; Confirming Bank sued Issuer in New York after Issuer commenced action against Beneficiary in India)
UniCredit Bank A.G. v. Euronav N.V. (Financing bank unable to rely on B/L as security in action against vessel owner for misdelivery)

14:30 – 15:30 | ESG and Sustainable Trade Finance

• Singapore’s Environmental Risk Questionnaire
• ESG Due diligence and disclosures on supply chain impacts
• ESG Risks and “Green Crime”
• EBA’s draft RTS on ESG Disclosures
• Green credits in practice

15:30 – 16:00 | Coffee & Networking Break

16:00 – 17:00 | Trade Based Money Laundering
• How can Technology Help your AML systems?
• Russia and Money Laundering: the latest evasion tactics
• ESG and AML: lending and reputational risks
• AML Regulatory Actions

17:00 – 17:15 | Summary, Lucky Draw, and Closing Remarks

Confirmed Speakers in yellow

Sponsors 

Presented By:

    

Sponsors:



Sponsorship Opportunities

Please email Michael Byrne at mbyrne@iiblp.org for more details on how to sponsor this trade finance event and the benefits of sponsorship.