2021 Online Annual LC Survey West | Americas & Europe | 7CPD

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2021 Online Annual LC Survey West - Americas & Europe | 7 CPD
28-29 April 2021

We invite you to join us for the 2021 Online Annual LC Survey West - Americas & Europe to be held online on April 28-29 from 09:00-13:00 ET/NYT both days.

For 30 consecutive years, IIBLP has brought together the top minds in international banking law, practice, and policy for this unique educational conference. This year due to COVID-19, we will be holding this event virtually over two half-day mornings.

Who Should Attend

• Banking Staff - including trade operations staff and management,
any staff included in trade transactions.

• Risk & Compliance Personnel

• In-house Counsel

• Lawyers outside of banking institutions dealing regularly with trade transactions

• Corporate - Sales, services, FinTech, and industries involved in trade finance

• Government Personnel dealing with regional or global concerns in cross
border finance

What to Expect

• A Dynamic & Instructional environment

• 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.

Additional Resources

UCP600 Article 36: Force Majeure (ebook)

IIBLP Sanctions Clause

ISP98 Official Commentary

Event will be held on Zoom. Please ensure you can use this software. For inquiries contact info@iiblp.org.

Day One: April 28

Wednesday, 28 April – Day 1

8:30 – 9:00 Online Check-In and Entry to Day 1 Session

9:00 – 9:10 Welcome and Introduction to Day 1

Welcome Remarks: Michael BYRNE (IIBLP)

9:10 – 9:50 The Brave New (Normal) World for Global Trade

Where We are & Where We’re Headed: Light at the End of the Long, Dark COVID Tunnel?
Force Majeure & ICC Rules: Lessons Learned
Alleged Unfair Standby LC Draws
Brexit’s Impact on Trade Finance
Ripe or Hype? The Market for Secondary Risk Participation in Trade Finance Deals
The Fallout from Singapore’s Commodity Financing Scams

Moderator:
Panelists:

9:50 – 10:30 A Sign of the Times: Dealing with the Complexities of Signatures and Authentication

Signatures vs. Authentication: Lines Blurred
Documents Deemed to Have been Signed
Digital Negotiable Instruments
Risks & Benefits of Using Platform-Based Solutions for Digital Signatures

Moderator:
Panelists:

10:30 – 10:40 Virtual Coffee Break
10:40 – 11:30 Commercial LC Cases and Practice Considerations

Negotiating Documents Based on Fax Copies
Acceptability of Freight Forwarder’s Bill of Lading
Court’s Acceptance (or not) of ICC Official Opinions as Evidence
Drafts: Where are They Still Used and Why?

Moderator:
Panelists:

11:30 – 12:00 Confronting LC Practice Controversies

Significant ICC Final Opinions from Fall 2020 and Spring 2021
What happens when Applicant & Beneficiary insist on use of transfer request form that’s not aligned with industry best practices?
Banks are being requested to issue commitments to issue LCs rather than the LCs themselves. What are the risks of doing so?
Country of Origin vs. Produced in [Country]
Import LCs with Auto Escalation and De-escalation Clauses and Tolerance Allowances
Back-Dated Bills of Lading

Moderator:
Panelists:

12:00 – 12:10 Virtual Coffee Break

12:10 – 12:30 Applicant’s and Beneficiary’s Corner

How LC Banks can Better Serve Their Customers

Moderator:
Panelists:

12:30 – 13:00 The Perils and Potential of Automating Document Examination

Examination Efficiency: Striking the Right Balance between Speed vs. Skill
Smart Use of OCR, AI, and Machine Learning
Third Party Documents: Digital or Not?
Regulatory Issues

Moderator:
Panelists:

Day Two: April 29

Thursday, 29 April – Day 2

8:30 – 9:00      Online Check-In and Entry to Day 2 Session

9:00 – 9:05      Welcome and Introduction to Day 2

9:05 – 9:40      SWIFT Update

Cat 7 Changes Slated for November 2021
SWIFT KYC Registry

Panelists:

9:40 – 10:20 Digitalisation of Trade – What’s Advancing and What’s Idling?

Blockchain Platforms for LCs
Fintechs and Financial Institutions Collaboration
Mixed Presentations
Enforceability of Electronic Bills of Lading
Uniform Rules for Digital Trade Transactions (URDTT): How will they work in practice?

Moderator:
Panelists:

10:20 – 10:30 Virtual Coffee Break

10:30 – 11:10 Introducing ISDGP: What You Need to Know about the Industry’s New Practice Standards

“Authenticated”
When is a Guarantee Issued?
Advising Bank as Agent of Guarantor
Standard of Determining Compliance
Time Frame for Making of Payment

Moderator:
Panelists:

11:10 – 11:50 Standby & Guarantee Cases and Practice Considerations

LCs in Commercial Bankruptcies
Reduction Clause in URDG-Issued Advance Payment Guarantee
Between Reasonable and Unreasonable: Assessing the “It Depends” Territory of ISP98 Rule 5.01

Moderator:
Panelists:

11:50 – 12:00 Virtual Coffee Break

12:00 – 12:50 Sanctions & Scams

Conflicts between US Sanctions and China & Other Jurisdictions
Applicant Sanctioned, Now What? Implications for Confirming and Negotiating Banks
PPE and COVID Vaccine-Related Scams and Cyberattacks

Moderator:
Panelists:

12:50 – 13:00 Summary of Critical Issues & Closing Remarks