Schedule subject to change
8:30 – 9:00 Registration & Check-In
9:00 – 9:10 Welcome from Our Host
Ken CHIA (Baker McKenzie)
9:10 – 9:30 Welcome & Introducing Yourselves
9:30 – 10:15 2024 News & Trends in Global Trade
- Trade Finance Decline: De-risking is De-structing
- The Latest in Russia Sanctions
- Sanctions Clauses: To use or not to use? The good, the bad, and the ugly.
- Export Control Regimes: What's Here and What to Watch for
- Letters of Indemnity: implications of LOIs use for LC practice
- Taking the Temperature of UCP: Warming up to 700?
- Who reviews ESG performance: Regulators, Third-Parties, or Peer FIs?
- Commodity Financing & Code of Best Practices
- Bill of Lading Endorsement: What do laws, regulations, and practice rules say?
- Handling non-UCP transport documents used in oil trades
- Supply Chain Finance: Winners and Losers
Moderator: SOH Chee Seng (ABS & IIBLP)
Panelists: Rachel ANG (OCBC); Alex GRAY (LIBF); Jee Meng CHEN (MayBank); Kalpana SEETHEPALLI (DB);
10:15 – 10:25 Coffee & Networking Break
10:25 – 11:10 What are the Courts Saying?
A Deep Dive into Cases of Consequence for Trade, Including:
- Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A.
Singapore Appellate Court reverses. What's a confirming bank to do? - Celestial Aviation Services ltd v. UniCredit Bank AG, London Br – Confirming Bank’s Undertaking
- Crédit Agricole v. PPT Energy Trading Co.
Singapore Appellate Court reverses. Banks happy, but for how long? - The Jeil Crystal
Switched B/Ls and Issuing Bank's Operations
Moderator: Alan DAVIDSON (U. Queensland)
Panelists: JIN Saibo (ICC China); Kim SEAH (INCISIVE Law); Nathanael LIN (Rajah & Tann); Boon Teck YEO (BofA)
11:10 – 11:20 Coffee & Networking Break
11:20 – 11:50 ISBP 821 and UCP600: Overhaul is Due!
ISBP 821 (effective July 2023) but may already be out of step with practice. And UCP600 is being shopped around for a revision. Let us offer the ICC suggestions on what to add, modify, or exclude. Specific provisions to be addressed include ISBP 821 Paragraphs C13(b) and E8(b).
Moderator: Vin O’BRIEN (ICC UAE)
Panelists: Ian MILNE (MonetaGo); Alex GRAY (LIBF)
11:50 – 12:00 Networking Break
12:00 – 12:30 What’s New from Swift: Trade Strategy Update
- API Standards for Guarantees & Standbys
- How can a non-bank issuer send an MT700?
Speaker: Mukta KADAM (Swift)
12:30 – 13:30 Networking Luncheon
13:30 – 14:15 What else are the Courts Saying? (Part 2)
- Re Ocean Tankers Ltd
Insolvency and Assignments of Claims - Lavi v. Bank Negara Indonesia -- Alleged Issuer Sued in USA
- UniCredit Bank A.G. v. Glencore appeal and other cases
Moderator: Alan DAVIDSON (U. Queensland)
Panelists: JIN Saibo (JTN); Kim SEAH (INCESIVE Law); Nathanael LIN (Rajah & Tann); Boon Teck YEO (BofA
14:15 – 14:30 Coffee & Networking Break
14:30 – 15:00 Supply Chain & Receivables Financing
- GSCFF Rules
- SCF via electronic platforms?
- Who takes the compliance risk?
Panelists: Tat Yeen (MayBank); Ian MILNE (MonetaGo); Srinath KESHAVAN (Trade Risk Consulting)
15:00 – 15:15 Coffee & Networking Break
15:15 – 16:00 The Latest from the ICC
The Opinions ...
- TA935rev: Notation Evidencing Port of Discharge (or not)
- TA936: Trade Term in Invoice
- TA937: Airports of Departure/Destination
- TA938: A Tutorial on the Role of Advising Banks
- TA939: Drafts & Ongoing Need to Educate about Them
The Briefings ...
- No. 7 - Title of Invoice (Jul 2023)
- No. 8 - Handling of Certificates (Nov 2023)
- No. 9 - Presentation of Documents Directly to Issuing Bank (anticipated)
Moderator: SOH Chee Seng (ABS & IIBLP)
Panelists: Rachel ANG (OCBC); JIN Saibo (ICC China); Christopher Byrnes (IIBLP)
16:00 – 16:15 Coffee & Networking Break
16:15 – 16:50 Digitalisation of Trade Finance
- Cross-Border eTrade: What’s been the Singapore Experience?
- Passage of the UK’s Electronic Trade Documents Act paved the way for the UK to join Singapore in adopting the principles of the MLETR.
- Prospects for MLETR Adoption in China: An Update
- What constitutes a "Reliable System"?
- eUCP 2.1/eURC 1.1 – Practice Impact Noticeable or Negligible?
- Are Club-Based Solutions for LCs a viable alternative?
- Examining printed electronic documents
- FIT Alliance's eB/L goal: What's needed for the stars to align?
- Data Protection Policies: A hindrance to digitalization?
Moderator: Vin O’BRIEN (ICC UAE)
Panelists: Neil SHONHARD (MonetaGo); Alan DAVIDSON (U. Queensland); Ken CHIA (Baker McKenzie)