Download - Road to CDCS
-
8/9/2019 Road to CDCS
1/23
1The Road to CDCS
This is a SilkRoad to become Subject Expert Matter in International Trade
CDCS
AugustDecember 2014
The Road to CDCS
THE ROAD TO CDCS
-
8/9/2019 Road to CDCS
2/23
2The Road to CDCS
Bertitik tolak pada hal tersebut ICC Indonesia perlu memfasilitasinya melalui CDCS public training dengan pola
one stop public training on International Trade Rules & Applications melalui The Road to CDCS.
TUJUAN
Training ini merupakan persiapan dini (long terms preparation) untuk memfasilitasi peserta yang berminat untuk
memperoleh sertifikat CDCS, namun merasa belum memperoleh pengetahuan yang cukup untuk langsung
mengikuti Public Training on CDCS Tutorial yang diadakan secara reguler oleh ICC Indonesia menjelang
pelaksanaan ujian CDCS oleh IFSUK.
Pembahasan materi berkisar pada:
Documentary credits - types, characteristics and uses, including standby credits Rules and trade terms, including ISBP 745, ISP 98, UCP 600, URR 725 and Incoterms 2010
Parties to documentary credit transactions and their roles and obligations Types and methods of payment / credit used in documentary credit transactions, including the concept
of autonomy l Types of transport, commercial and financial documents used in documentary credittransactions
Risk issues, including types of risk, control and mitigations Related products, including letters of indemnity, Air Way Releases and Steamship Guarantees Implications of breaching rules including money laundering and terrorist financing
Dibutuhkan waktu 18 kali pertemuan dalam mengikuti training ini, di mana beberapa pertemuan diadakan di hari
kerja dan di hari Sabtu mulai jam 09.0016.00 WIB.
PENGANTAR
Secara reguler ICC Indonesia melaksanakan annualy publik
CDCS tutorial training guna mempersiapkan para peserta yangumumnya telah memiliki pengetahuan dasar yang cukup baik
untuk mengikuti ujian CDCS di Jakarta bekerja sama dengan
Ifs United Kingdom. Animo untuk mengikuti ujian CDCS dari
tahun ke tahun semakin meningkat baik bagi yang telah
memiliki pengetahuan dasar maupun bagi peserta yang sama
sekali belum memiliki pengetahuan tentang International Trade
Rules dan aplikasinya serta bagi pendatang baru pada
International Trade Operations (Perbankan dan Korporasi).
TENTANG THE ROAD TO CDCSMerupakan wadah bentukan ICC Indonesia yang dapat memberikan
solusi bagi para peserta yang ingin memperoleh bimbingan dalam rangka
mengikuti ujian untuk memperoleh CDCS sertifikasi bertaraf international
dengan pola end to end basic to advance study guide, dengan
fasilitator yang bersertifikasi internasional pula.
-
8/9/2019 Road to CDCS
3/23
3The Road to CDCS
TENTANG CDCS
Sertifikasi Certificate for Documentary Credit Specialists (CDCS) adalah sertifikasi professional bagi para
praktisi perdagangan internasional yang telah diakui di seluruh dunia. Sertifikasi ini memungkinkan praktisi
documentary credit untuk menunjukkan pengetahuan dan pemahamannya mengenai masalah-masalah
kompleks yang terjadi di dalam praktek documentary credit.
International Chamber of Commerce (ICC) telah bekerja sama dengan Institute of Financial Services (IFS)
dalam mengembangkan CDCS di seluruh dunia. Selain itu, sertifikasi ini telah dirancang melalui proses
konsultasi dengan para pakar yang ahli di bidangnya yang turut serta secara terus-menerus untuk mengevaluasi
sertifikasi ini guna memastikan agar sertifikasi ini dapat mencerminkan praktek yang terjadi di lapangan saat ini
CDCS memperkuat dan mengembangkan pengetahuan dan pemahaman di bidang:
Documentary credits - tipe, karakteristik dan kegunaan, termasuk standby letter of credit
Peraturan dan persyaratan dalam perdagangan, termasuk ISBP 745, ISP 98, UCP 600, URR 725 dan
Incoterms 2010 Pihak-pihak di dalam transaksi documentary credit beserta peran dan kewajibannya
Tipe-tipe dan metode pembayaran/ kredit yang digunakan di dalam transaksi documentary credit,
termasuk konsepotonomi, jenis transportasi, dokumen komersial dan keuangan yang digunakan di
dalam transaksi documentary credit.
Resiko, termasuktipe-tipe resiko, control dan mitigasi
Produk terkait, termasuk surat ganti rugi, Air Way Releases dan Steamship Guarantess.
Implikasi dari pelanggaran peraturan termasuk pencucian uang dan pendanaan teroris.
KENAPA HARUS MENGIKUTI CDCS?
Gelar CDCS menunjukkan tingkat keahlian dalam documentary credit yang diakui di dunia.
Meningkatkan pengetahuan dan mendalami materi dan masalah-masalah kompleks terkait documentary
credit sesuai ICC rules serta aplikasinya.
Memfasilitasi peningkatan kompetensi sumber daya manusia sesuai standard internasional
Memberi anda hak untuk menambahkan gelar CDCS dibelakangnama anda.
Membantu meningkatkan prospek karir dengan gelar CDCS.
METODOLOGI PELATIHAN
Pelatihan ini berbasis Experimential Learning Cycle yang memakai metode individual/ group exercise,
diskusi, studi kasus, simulasi real case, role play, games dan lecture.
Pre/Post Test untuk menggali kedalaman dan peningkatan pengetahuan peserta.
FASILITATOR
Para profesional yang kompeten dan berpengalaman dalam bidang Perdagangan Internasional
kalangan perbankan dan pengusaha yang tergabung di ICC Indonesia.
Memiliki latar belakang sebagai praktisi dan trainer di perbankan ternama.
CDCS Holder
Berpengalaman memberikan materi sejenis untuk berbagai institusi di Indonesia.
-
8/9/2019 Road to CDCS
4/23
4The Road to CDCS
KOORDINATOR
Koordinator komite Kurikulum dan Tim Trainer: Budiutomo Kurniadi,CDCS dan Haryadi Sarpini, DC, Master -
Senior trainer dan technical advisor banking technique & practice di ICC Indonesia.
PRINSIP DAN PRAKTIK DALAM TRANSAKSI DOCUMENTARY CREDIT
Unit ini dirancang untuk memungkinkan spesialis documentary credit untuk memahami documentary credit,
produk, pesta, proses dan aturan yang mendukung transaksi kredit dokumenter. Serta kemampuan untuk
mengelola transaksi kredit dokumenter dan mengidentifikasi penyimpangan, dengan menerapkan pengetahuan
tentang proses, aturan ICC dan persyaratan perdagangan.
POST QUALIFICATIONSetelah mengikuti Training melalui pola The Road to CDCS ini, peserta dapat menentukan salah satu dari dua
pilihan, yakni:
1. Mengikuti tutorial lanjutan atau,2. langsung mengikuti ujian CDCS.
PESERTA
Perbankan dan Korporasi
Pendatang baru di kalangan International Trade, Export Import, Product Management, Marketing &
Operation, Legal, dll
Manajemendan staff divisi:
International Trade, Export Import, Product Management, Front liner Bank, Marketing & Operation,
Legal, dll.
Exporter/importer Lawyers, dll
-
8/9/2019 Road to CDCS
5/23
5The Road to CDCS
SILABUS
Modul Durasi Tanggal Investasi Materi
Modul
11 Hari Rabu, 27 Agus 14
Rp. 2.000.000 Sales contract & Incoterms 2010
Modul
21 Hari Kamis, 28 Agus 14
Rp. 2.000.000 Method of Payment & Overview of
Documentary Credit
Modul
32 Hari
Rabu, 3 Sept 14
Kamis, 4 Sept 14
Rp. 4.000.000 Documentary Credit: Types, Uses and
Characteristics
Modul
41 Hari Kamis, 11 Sept 14
Rp. 2.000.000Issuing & advising the Documentary Credit
Modul
5 2 HariSabtu, 13 Sept 14
Sabtu, 20 Sept 14
Rp. 4.000.000ISBP 745
Modul
62 Hari
Sabtu, 11 Okt 14
Sabtu, 18 Okt 14
Rp. 4.000.000 Preparation & Examination of Transport
Documents (include ICC Rules)
Modul
71 Hari Sabtu, 1 Nov 14
Rp. 2.000.000Other Documents
Modul
81Hari Sabtu, 8 Nov 14
Rp. 2.000.000 Settlement & Bank-to-bank
reimbursements under Doc. Credit
Modul
91 Hari Sabtu, 15 Nov 14
Rp. 2.000.000 Documentary Collection under URC 522 &
e-UCP
Modul10
2 Hari Sabtu, 22 Nov 14Sabtu, 29 Nov 14
Rp. 4.000.000Standby Letter of Credit (ISP98) &Demand Guarantee (URDG)
Modul
11
1 Hari Sabtu, 13 Dec 14 Rp. 2.000.000 Other products relating to a documentary
credit, Money laundering, terrorist
financing and Islamic Trade Finance
-
8/9/2019 Road to CDCS
6/23
6The Road to CDCS
MODUL 1 : SALES CONTRACT & INCOTERMS 2010
TIME DURATION TOPICSYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Sales contract &Incoterms 2010
a. SALES CONTRACT The Definition Of Contract
Key Consideration in Commercial Contracts
Some fundamental Principles of Contract Law
Structure of ContractComparison;Premise(s) or Recital(s);Terms and Conditions of the contractStandard Clauses of the ContractTestimonial Clause (Closing of the Contract);Name and Signature of the parties;Name and Signature of the witnesses.Modification and/or Amendments and/or Waiver
Key Element of Successful Contract negotiation
techniques Common Pitfalls to avoid in Drafting Business and
Commercial Contracts
b. INCOTERMS 2010
Introduction & history of INCOTERMS
Structure of Incoterms 2000 & 2010
Overview of the changes of INCOTERMS 2010
New INCOTERMS (consolidation of D terms)
DAT (delivered At Terminal) & DAP (Delivered At Place)more detail: Terminal handling charges Electronic communications Security
Insurance Domestic and international In summary on DAT & DAP
How to use INCOTERMS & Real life incidents
Key aspects of Incoterms 2010
c. CASE STUDY
d. POST TEST
-
8/9/2019 Road to CDCS
7/23
7The Road to CDCS
MODUL 2 : METHOD OF PAYMENT & OVERVIEW OFDOCUMENTARY CREDIT
TIME DURATION TOPICSYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Method of Payment
Overview ofDocumentary Credit
a. INTRODUCTION TO PAYMENT TERMS
Objectivity
Overview of UCP600 & URC522
Why International Trade?
Hazards in International Trade
How Banks Can Help
b. TRADE PAYMENT METHODS
Cash in Advance Advantages and Risks of Cash in Advance Method
Open Account Advantages and Risks of the Open Account Method
On Consignment Advantages and Risks of the On Consignment
Method
Draft or Documentary Collection The Documentary Collection Process for a Sight
Draft The Documentary Collection Process for a Time
Draft Advantages and Risks of Draft or Documentary
Collection Method
Documentary Credit Choosing a DC as the method of payment Benefits for the beneficiary Benefits for the applicant Autonomy of the DC
Roles, responsibilities, risks involved Risk faced by an applicant Risk faced by a beneficiary Roles, responsibilities, risks involve
c. COMPARISON OF VARIOUS METHODS OF PAYMENTINCLUDING RULES AND MEDIA (SWIFT/TSU, UCP, URC,URBPO, URF)
d. DOCUMENTARY CREDIT
Introduction on Documentary Credit
What is a Documentary credit? Why is it used?
Brief history
How does a Documentary credit operate?
Basic structure of Documentary Credit Role of the banks
Parties involved in Documentary Credit
Documentary Credit Terms and Conditions
Types of Documentary credit
Documentary Requirements
The advantages and risks of the Documentary creditmethod
Any idea on UCP?
e. CASE STUDY
f. POST TEST
-
8/9/2019 Road to CDCS
8/23
8The Road to CDCS
MODUL 3 : DOCUMENTARY CREDIT: TYPES, USES &CHARACTERISTICS
TIME DURATION TOPICSYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
2 Days DocumentaryCredit:Types, Uses andCharacteristics
a. PARTIES ON DOCUMENTARY CREDIT
Introduction and learning objectives
Roles and responsibilitiesapplicants side
Roles and responsibilitiesbeneficiarys side
Relationship of parties in respect of payment ofconforming documents
Roles and responsibilities in reimbursement
Roles and responsibilities illustrated
b. TYPES OF PAYMENT
Settlement methodsSight payment
Settlement methodsDeferred payment
Settlement methodsBy Acceptance
Settlement methodsNegotiation
c. MAIN TYPES OF DOCUMENTARY CREDIT;
Evaluate the main characteristics of different types ofdocumentary credit;
b. CHARACTERISTICS OF DOCUMENTARY CREDIT:
Revocable documentary credit (1)
Risk under Revocable documentary credit
Irrevocable documentary credit & confirmed
Transferable documentary credit
Transferable documentary credit -risk & costs
Transferable documentary creditprocedures
Transferable documentary credit -managing risks Back-to-back documentary credit
Back-to-back documentary credit -key elements
Back-to-back documentary creditprocedures
Back-to-back documentary credit -managing risksc. COMPARING TRANSFERABLE VS. BACK-TO-BACK
d. CLEAN DOCUMENTARY CREDIT
e. ADVANCE PAYMENT DOCUMENTARY CREDITREADCLAUSE
Managing Riskf. REVOLVING DOCUMENTARY CREDIT
Installment drawings or shipments
Type of revolvement Whether the revolvementis cumulative or not
Managing Risksg. EVERGREEN DOCUMENTARY CREDIT
Sample wording to ensure the evergreen nature of astandby letter of credit
Managing risksh. DOCUMENTARY CREDITUNDER AID AGREEMENTSi. PRELIMINARY ADVICES OF DOCUMENTARY CREDIT
Preliminary advices and inoperative
k. ASSIGNMENT OF PROCEEDS
l. CASE STUDY
m. POST TEST
-
8/9/2019 Road to CDCS
9/23
9The Road to CDCS
MODUL 4 : ISSUING & ADVISING THE DOCUMENTARY CREDIT
TIME DURATION TOPICSYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Issuing theDocumentary Credit a. INTRODUCTION AND LEARNING OBJECTIVE
Compliance with the policies of the bank
Compliance with, and the correctness of, the instructionsof the applicant
Discussions with the applicant
b. ASSOCIATED ACTIVITIES IN RESPECT OF ISSUANCE
Receipt of applicant request
Selection of an advising bank
Workability of a documentary credit
c. ISSUANCE OF A DOCUMENTARY CREDIT Preparation of Documentary Credit
Characteristics of a documentary credit as issued
Obligation of an issuing bank
Transmission of the documentary credit bySWIFT/telex/mail/courier
d. AMENDMENTS
Obligations of an issuing Bank
Advising ADocumentary Credit
e. ADVISING A DOCUMENTARY CREDIT
f. RELATIONSHIP BETWEEN BENEFICIARY AND ADVISINGBANK OR SECOND ADVISING BANK
Communication applicantbeneficiary following adviceof the documentary credit
g. RELATIONSHIP BETWEEN BENEFICIARY ANDNOMINATED/CONFIRMING BANK
h. RELATIONSHIP BETWEEN BENEFICIARY ANDTRANSFERRING BANK
i. RELATIONSHIP BETWEEN BENEFICIARY AND ISSUING
BANK
j. RISK TO THE BENEFICIARY
Failure to comply with documentary credit conditions
Failure of, or delays in payment from, the issuing bank
Credit issued by a party other than a bank
k. CASE STUDY
l. POST TEST
-
8/9/2019 Road to CDCS
10/23
10The Road to CDCS
MODUL 5 : ISBP 745
TIME DURATION TOPICSYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
2 Days ISBP 745a. ICC OPINIONS:
Their effect on ISBP (a look at more recent ICC opinions)
How they shape ISBP
b. ISBP, PUBLICATION NO. 745
c. WHAT IS ISBP, WHY THE NEED FOR A REVISION, ANDWHO IS IT INTENDED FOR?
d. RELATIONSHIP OF ISBP TO UCP
e. ENFORCEMENT OF ISBP PRACTICES
f. OVERVIEW OF CHANGES TOTHE GENERAL PRINCIPLES :
Use of Virgules and Commas
Documents evidencing sending of documents and copytransport documents
Copies of transport documents, which are subject toarticles 19-25
Three new expressions defined
Two existing expressions expanded
Language of documents
Mathematical calculations and corrections
Electronic authentication
More than one document and non-documentaryconditions
Original and copy documents
g. TRANSPORT DOCUMENTS
Multimodal, Bill of Lading, Non-Negotiable Sea Waybill &Charter Party Bill of Ladingcommon changes
Air Transport Document
Road, Rail or Inland Waterway Transport Document
OTHER DOCUMENTS
Drafts
Invoices
Insurance Document
Certificate of Origin
Packing List and Weight List
Beneficiarys Certificate Analysis, Inspection, Health, Phytosanitary, Quantity,
Quality and other Certificates
h. CASE STUDY
i. POST TEST
-
8/9/2019 Road to CDCS
11/23
11The Road to CDCS
MODUL 6 : PREPARATION & EXAMINATION OF TRANSPORTDOCUMENTS
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
2 Day Preparation &Examination OfTransportDocuments
a. INTRODUCTION
b. PREPARATION OF TRANSPORT DOCUMENTS
Understanding the transport document
Creating the required transport document
c. TYPES OF TRANSPORT DOCUMENT:
Multimodal transport document:Title, negotiability and transfer ; Control over goods; Delivery ofgoods
Bill of lading:Title, negotiability and transfer; Control over goods; Delivery ofgoods
Non-negotiable sea waybill:Title, negotiability and transfer; Control over goods; Delivery ofgoods
Charter party bill of lading
Air transport documents:Title, negotiability and transfer; Control over goods; Delivery ofgoods
Road, rail or inland waterway transport documents:Title, negotiability and transfer; Control of goods; Delivery ofgoods
Courier receipt, post receipt or certificate of posting:Title, negotiability and transfer; Control of goods; Delivery ofgoods
d. COMMON CHARACTERISTICS: Consignor and consignee
Notify party
Corrections and alterations to data content
Signing requirements
Shipping marks
e. GOODS COVERED BY MORE THAN ONE TRANSPORTDOCUMENTS
f. CASE STUDY
g. POST TEST
-
8/9/2019 Road to CDCS
12/23
12The Road to CDCS
.. continued MODUL 6 : PREPARATION & EXAMINATION OF
TRANSPORT DOCUMENTS
TIME DURATION TOPIC SYLLABUS
Examination ofDocuments
a. INTRODUCTIONb.c. PRELIMINARY TASKS:
Recording
The schedule or letter enclosing documents
The availability of the documentary credit
Settlement or payment instructions
Discrepancies noted by the presenter
Documentary credit workability
Characteristics of the documentary credit and paymentterms
Completion of the banks document examination record
d. EXAMINATIONS OF DOCUMENTSe.f. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
THE DOCUMENTARY CREDIT:
Form of credit;
Documentary credit number;
Date of issue;
Applicable rules;
Date and place of expiry;
Applicant;
Beneficiary;
Credit amount;
Available with and by;
Drafts;
Partial shipments; Transhipment;
Place of taking charge / ports / airports / place ofdelivery;
Latest date of shipment;
Description of goods;
Documents required;
Additional conditions;
Period for presentation;
Confirmation instructions;
Reimbursing bank;
Charges.
g. EXAMINATION OF DOCUMENTS WITH REFERENCE TOANY AMENDMENTS
h.i. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
UCP 600:
j. STANDARD FOR EXAMINATION OF DOCUMENTS:on their face, international standard banking practice, virgules &commas, certificates, copies of trans.doc., corrections, dates,box, others, expression, issuer , language, mathematicalcalculations, multiple pages, non-documentary, originals &copies, shipping marks, signatures, title of docs,
k. DOCUMENTS NOT TO BE IN CONFLICT WITH ONEANOTHER
l. DOCUMENTS NOT STIPULATED BY THE DOCUMENTARYCREDIT
-
8/9/2019 Road to CDCS
13/23
13The Road to CDCS
.. continued MODUL 6 : PREPARATION & EXAMINATION OF
TRANSPORT DOCUMENTS
TIME DURATION TOPIC SYLLABUS
Examination ofDocuments
m. NON DOCUMENTARY CONDITIONS
n. DETERMINATION OF COMPLIANCE ON DOCUMENTSALONE
o. DISCLAIMER ON EFFECTIVENESS OF DOCUMENTS
p. DETERMINATION OF ACCEPTABILITY RE ISSUER,ORIGINALITY AND AUTHENTICATION OF DOCUMENTS
q. EXAMINATION OF DOCUMENTS WITH REFERENCE TOONE ANOTHER
r. EXAMINATION CHECK LISTFOR THE BANK RECEIVESTHE DOCS
s. EXAMINATION CHECK LISTFOR THE BANK ANDBENEFICIARY
t. EXAMINATION CHECK LISTOTHER DOCUMENTS
u. AN EXAMINATION LOGIC
s. AN ICC OVERVIEWEXAMINATION OF DOCUMENTS,WAIVER OF DISCREPANCIES AND NOTICE UNDERUCP:
Examine documents
Documents comply or do not comply Decide to refuse or seek a waiver
(Depending on receipt of waiver) take up or refuse andgive notice
If waiver received, determine whether or not to acceptapplicant waiver
Processing discrepant documents in the role of theissuing bank:
Receiving prior requests from nominated banks forauthority to honor or negotiate
Approaching the applicant
Giving notice of refusal
Disposal of documents to applicants
t. HANDLING OF PENDING DISHONORED DOCUMENTS
u. CASE STUDY
v POST TEST
-
8/9/2019 Road to CDCS
14/23
14The Road to CDCS
.. continued MODUL 6 : PREPARATION & EXAMINATION OF
TRANSPORT DOCUMENTS
TIME DURATION TOPIC SYLLABUS
Analysis of ICCrules
a. UCP 600:
UCP 600, article 14: Standard for examination ofdocuments
UCP 600, article 18: Commercial invoice
UCP 600, article 19:
Transport document covering at least..:1. . . . two different modes of transport2. . . . however named3. indicate the name of the carrierand be signed4. . . . dispatched, taken in charge or shipped on board
at the place stated in the credit5. . . . date of shipment6. . . . place of dispatch, taking in charge or shipment
and the place of final destination7. . . . full set8. . . . terms and conditions of carriage9. . . . charter party10. . . . transhipment
The detailed UCP provisions are set out in UCP 600,article 20: Bill of lading:
1. . . . however named2. . . . indicate the name of the carrier and be
signed3. . . . shipped on board4. . . . date of shipment
5. . . . does not indicate the port of loading statedin the credit as the port of loading
6. . . . full set7. . . . transhipment
UCP 600, article 21: Non-negotiable sea waybill:The provisions of article 21 are the same substantiverequirements as those for bills of lading under article 20.
UCP 600, article 22: Charter party bill of lading:1. . . . indication2. . . . signed3. . . . shipped on board and 3b . . . date of shipment4. . . . port of discharge
5. . . . full set6. . . . charter party contracts
UCP 600, article 23: Air Transport Document
UCP 600, article 24: Road, Rail or Inland Waterway
UCP 600, article 25: Courier Receipt, Post Receipt orCertificate of Posting
b. CASE STUDY
c. POST TEST
-
8/9/2019 Road to CDCS
15/23
15The Road to CDCS
MODUL 7 : OTHER DOCUMENTS
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Other Documents
InsuranceDocuments
Financial,Commercial Andother OfficialDocument
a. FINANCIAL DOCUMENTS
b. COMMERCIAL DOCUMENTS
c. OFFICIAL DOCUMENTS
d. MODE OF PRESENTATION / TRANSMISSION
e. PRESENTATION AND UCP 600
f. DISCREPANT DOCUMENTS:
Role of a nominated bank;
Role of a nominated bankGiving notice of refusal;
Role of a nominated bankDiscussion with beneficiary; Role of a nominated bankCorrection by beneficiary;
Role of a nominated bankObtaining the issuing banksauthority;
Role of a nominated bankReceiving instruction frombeneficiary to dispatch documents;
Role of a nominated bankDispatch of documents;
Role of a nominated bankHandling of documentspending settlement; Settlement obligations ofconfirming and nominated banks
g. SHIPMENT OF GOODS ANDPREPARATION OFDOCUMENTS
h. INSURANCE REQUIREMENTS:
Insurance policies, insurance certificates and cover notes
Insurance terms as commonly seen
Average: General average ; Particular average
Franchise or an excess (deductible)
Shipment on deck
Claims payable [name of place]
Warehouse-to-warehouse clause
General requirements
Common discrepancies that arise upon examination ofan insurance document
i. FINANCIAL DOCUMENTS:
Bill of Exchange: Definition, Documentary creditrequirement; Corrections and alterations; Calculation ofmaturity; Payment at maturity
Promissory Note
-
8/9/2019 Road to CDCS
16/23
16The Road to CDCS
.. continuedMODUL 7 : OTHER DOCUMENTS
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day j. COMMERCIAL DOCUMENTS: Commercial invoice;
Certified invoice,
Consular invoice,
Legalized invoice,
Certificate of analysis;
Certificate of weight,
Inspection certificate,
Packing list,
Weight list,
Certificate of origin,
Export license,
Health certificate
k. DOCUMENTS FOR OFFICIAL PURPOSES
l. UCP 600 AND FINANCIAL DOCUMENTS
m. UCP 600 AND COMMERCIAL INVOICES
n. UCP 600 AND OTHER COMMERCIAL DOCUMENTS
o. COMMON DISCREPANCIES:
Discrepancies on financial documents
Discrepancies on commercial documents
Discrepancies on documents required for officialpurposes
p. CASE STUDY
q. POST TEST
-
8/9/2019 Road to CDCS
17/23
17The Road to CDCS
MODUL 8 : SETTLEMENT & BANK TO BANK REIMBURSEMENTS
UNDER DOC. CREDIT
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Settlement
Bank-to-bankreimbursementsunder Doc. Credit(based on URR725 and CUP 600)
a. INTRODUCTION
b. COMPLYING DOCUMENTS
c. NON-COMPLYING DOCUMENTS
d. SETTLEMENT TERMS:
By sight payment
By deferred payment
By acceptance
By negotiation
e. IMPORTANT CHECKING CONSIDERATIONS: A mix of settlement terms
Assignment of proceeds
Special documentary creditsRevocable
Special documentary creditsRefinancing
Advance payment documentary credit
Transferable documentary credit
Reimbursement by telegraphic transfer
Collection of charges
f. PAYMENT, NEGOTIATION, DISCOUNT AND PURCHASE:
Payment / negotiation with recourse
Payment / negotiation without recourse
g. PROVISION OF SHORT-TERM FINANCE: Negotiation (advancing)
Discount and purchase
h. TRANSMISSION OF PROCEEDS:
Claims by a named nominated bank
Claims by a confirming bank
Claims by any bank in a freely available documentarycredit
Claims received by an issuing bank
The method of transmitting claims, effecting paymentand advising beneficiaries or nominated banks
The method of transmitting claims, effecting paymentand advising beneficiaries or nominated banks -MT 754
The method of transmitting claims, effecting paymentand advising beneficiaries or nominated banks -MT 756
i. STEP 1 : ISSUANCE 1.1Issuance 1.2Issuance 1.3
j. STEP 2 : AMENDMENT 2.1Amendment 2.2Amendment 2.3Amendment 2.4Amendment 2.5
k. STEP 3 : CLAIMING 3.1
Claiming 3.2Claiming 3.3
-
8/9/2019 Road to CDCS
18/23
18The Road to CDCS
.. continuedMODUL 8 : SETTLEMENT & BANK TO BANK
REIMBURSEMENTS UNDER DOC. CREDIT
TIME DURATION TOPIC SYLLABUS
l. STEP 4: CANCELLATION WHILE DOCUMENTARY CREDITSTILL VALID4.1
Cancellation while documentary credit still valid4.2Cancellation while documentary credit still valid4.3Cancellation while documentary credit still valid4.4Cancellation while documentary credit still valid4.5
m. STEP 5: CANCELLATION AFTER EXPIRY OFDOCUMENTARY CREDIT
n. PROBLEMS
o. TRANSMISSION OF PROCEEDS
p. DISCIPLINES PROMPTED BY SWIFT MESSAGE TYPES
q. CASE STUDY
r. POST TEST
-
8/9/2019 Road to CDCS
19/23
19The Road to CDCS
MODUL 9 : DOCUMENTARY COLLECTION UNDER URC 522 &
e-UCP
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day DocumentaryCollection under onURC 522
e-UCP supplement
to UCP 600
a. UNIFORM RULES FOR COLLECTION (URC) 522
GENERAL PROVISION AND DEFINITIONS
Transaction by Telegraphic Transfer (T/T)
Parties Involved in Collection
Documents vs Goods/ Performance
Disclaimer on delay and loss intransit and translation
Payment in foreign currency
Partial Payment
ADVICES
FORMAT TRANSACTIONS ON D/A & D/P
b. e UCP
Key features of eUCP Supplement for Electronical Presentation:
Article e1 Scope of the eUCP Article e2 Relationship of the eUCP to theUCP Article e3 Definition Article e4 Format Article e5 Presentation Article e6 Examination Article e7 Notice of Refusal Article e8 Originals and Copies Article e9 Date of Issuance Article e10 Transport Article e11 Corruption of an Electronic Record After
Presentation
Article e12 Additional Disclaimer of Liability forPresentation of Electronic Records under eUCP
c. CASE STUDY
d. POST TEST
-
8/9/2019 Road to CDCS
20/23
20The Road to CDCS
MODUL 10 : STANDBY LETTER OF CREDIT (ISP98) & DEMANDGUARANTEE (URDG)
TIME DURATION TOPIC SYLLABUS
9.0016.00
(Includecoffeebreak &Lunchbreak)
2 Days Standby Letter ofCredit, Under ISP98
a. INTRODUCTION TO SBLC
Objectivity
Overview of ucp600 & ISP 98
Why ISP not UCP?
Flow of SBLC
b. TYPES OF SBLC:
performance SBLC
advance payment SBLC
bid or tender bond SBLC
counter SBLC
financial SBLC
Insurance SBLC Commercial SBLC
direct pay SBLC
c. CRITICAL ARTICLE ON ISP 98:(1) GENERAL PROVISION:
1.01 Scope and Application
1.02 Relationship to Law and other Rules
1.03 Interpretative Principles
1.04 Effect of the Rules
1.05 Exclusion of Matters Related to Due Issuance andFraudulent or Abusive Drawing
1.08 Limits of Responsibilities
1.10 Redundant or Otherwise Undesirable Terms
(2) OBLIGATIONS: 2.01 Undertaking to Honour by Issuer and Any Confirmer
to Beneficiary
2.02 Obligation of different branches, agencies, or otheroffices
2.04 Nomination
2.06 When an amendment is Authorized and Binding(3) PRESENTATION:
3.09 Extend or Pay
3.14 Closure on a business day and authorization ofanother reasonable place for presentation
(4) EXAMINATION:
4.01:Examinationforcompliance
4.02: Non-examination of extraneous documents
4.03:Examinationforinconsistency 4.05: Issuer of documents
4.06: Date of documents
4.07: Required signature on a document
4.11: Non-documentary terms or conditions
4.12: Formality of statements in documents
4.16: Demand for payment
4.17: Statement of default or other drawing event
4.18: Negotiable documents
4.19:Legalorjudicialdocuments
4.20: Other documents
4.21: Request to issue separate undertaking(5) NOTICE, PRECLUSION, AND DISPOSITITION OF
DOCUMENTS:
5.01: Timely notice of dishonor
5.09: Applicant notice of objection
-
8/9/2019 Road to CDCS
21/23
21The Road to CDCS
.. continuedMODUL 10 : STANDBY LETTER OF CREDIT (ISP98) &DEMAND GUARANTEE (URDG)
TIME DURATION TOPIC SYLLABUS
Standby Letter ofCredit, Under ISP98
URDG (UniformRules of DemandGuarantee)
(6) TRANSFER, ASSIGNMENT AND TRANSFER BYOPERATION OF LAW:
6.02 : When drawing rights are transferable(7) CANCELLATION:
7.01: When an irrevocable standby is cancelled orterminated
7.02: Issuers discretion regarding a decision to cancel(8) REIMBURSEMENT OBLIGATION
8.04: Bank-to-bank reimbursement(9) TIMING:
9.05:Retention of standby
(10) SYNDICATION/PARTICIPATION
d. WHAT IS DEMAND GUARANTEE? Demand Guarantee ThreeParty
Demand Guarantee FourParty/counter guarantee
Independence of guaranteee. LAW AND JURISDICTION
f. PARTIES TO DEMAND GUARANTEE
Applicant/Instructing party
Guarantor
Beneficiary
Counter-guarantee/Counter-guarantor
Issuance of the local guarantee
Counter-guarantee
Types of Guaranteeg. OPERATION OF A DEMAND GUARANTEE SUBJECTTO URDG758
h. KEY ASPECTS OF URDG 758:
Application of URDG
Definitions
Interpretation
Independence of guarantee and counter guarantee
Nondocumentary conditions
Advising of guarantee or amendment
Presentation
Requirements for demand
Information about a demand
Partial demand and multiple demands; amount ofdemands
Examination
Time for examination of demand; payment
Currency of payment
Extend or pay
Non-complying demand, waiver and notice
Reduction and termination
Force majeure
Transfer of guarantee and assignment 0f proceeds
Governing law
Jurisdiction
URDG 758 vs Local Law
i. CASE STUDY
j. POST TEST
-
8/9/2019 Road to CDCS
22/23
22The Road to CDCS
MODUL 11: OTHER PRODUCTS RELATING TO ADOCUMENTARY CREDIT, MONEY LAUNDERING ANDTERRORIST FINANCING AND ISLAMIC TRADE AND FINANCE
TIME DURATION TOPIC SYLLABUS
09.0016.00
(Includecoffeebreak &Lunchbreak)
1 Day Other productsrelating to adocumentary credit
Money launderingand terroristfinancing
Islamic Trade
Finance
.
a. INTRODUCTION
b. RELEASE OF GOODS BY CARRIERS c. SHIPPING GUARANTEE AND INDEMNITY
The form of indemnityCommon feature
The form of indemnity
The riskd. AIRWAY RELEASE AND DELIVERY ORDERS
The forms
Counter-indemnity
Riskse. LETTER OF INDEMNITY (LOI):
Liabilities The form of the LOI
Counter-indemnitiesf. PARTICIPATION AND SYNDICATION
Syndication agreementg. THE PRACTICE OF MONEY LAUNDERINGh. VARIETY OF TECHNIQUE:
Cash transactions
Undervaluing or overvaluing invoices
Shell companies and trusts
Bank capturei. THE PRACTICE OF TERRORIST FINANCINGPREVENTION:
Know your customer (KYC)
Know your customers business Know your business (obligations)
Keep records
Report suspicionsj. SANCTIONSk. ISLAMIC TRADE FINANCE
The growing significance of Islamic finance.
How Islamic finance fits within Islama brief introduction Divine guidelines in Islamic finance
Core principles The prohibition of usury and interest (riba) Prevention of excess uncertainty (gharar) in
contracts Prohibition of speculative transactions (maysir)
Exclusion of investments forbidden in Islam(muharramat)
Structures in Islamic finance Musharaka Basic rules of sale in Sharia Salam Murabaha
Islamic trade finance Overview Murabaha documentary credits Murabaha documentary collection Musharaka documentary credits Salam pre-shipment export financing Islamic finance and UCP 600
Leading the wayl. CASE STUDYm. POST TEST
-
8/9/2019 Road to CDCS
23/23
The Road to CDCS
I will attend :Please tick (v) in the box on the event you attend to :
Please read the payment instructions below (under Registration Fees) carefully before responding.
Full Name : ___________________________________________________________________________
Company : ___________________________________________________________________________
Position : ___________________________________________________________________________
Address : ___________________________________________________________________________
____________________________________________ City : _________________________
Contact Telephone : ___________________________________________________________________________
Email : ___________________________________________________________________________
Invoice address : ___________________________________________________________________________
___________________________________________________________________________
Invoice attn. : ___________________________________________________________________________
Full Package Investment : Rp. 25.000.000/participant
Please complete this Registration Form and return it to ICC Indonesia by email [email protected]
or fax to (021) 29667914 (Attention: Ms. Susan/Santi/Karisa)
Payment should be made toICC IndonesiaIDR ACCOUNT 070.11.955.31Permata Bank, MenaraKadin Branch, Jl. HR. Rasuna Said X-5 Kav. 2-3 Jakarta
Date Signature
50% of the fee will be chargeable if the notification of cancellation is received within 5 working days prior to the program.Tempo Pavilion 1 bld 8th Floor, Jl. H.R. Rasuna Said Kav. 11 Jakarta 12950 Indonesia
T: (62 21) 29667914 | F: (62 21) 29667915 | E:[email protected] | W:www.iccindonesia.org
REGISTRATION FORM
Modul 1: Sales contract & Incoterms 2010(1 Day) 27 Aug 2014 : Rp. 2.000.000
Modul 2:Method of Payment & Overview ofDocumentary Credit(1 Day) 28 Aug 2014 : Rp. 2.000.000
Modul 3: Documentary Credit: Types, Uses andCharacteristics(2 Days) 3 & 4 Sept 2014 : Rp. 4.000.000
Modul 4:Issuing & advising the Documentary Credit(1 Day) 11 Sept 2014 : Rp. 2.000.000
Modul 5: ISBP 745(2 Days) 13 & 20 Sept 2014 : Rp. 4.000.000
Modul 6:Preparation & Examination of TransportDocuments (include ICC Rules)(2 Days) 11 & 18 oCt 2014 : Rp. 4.000.000
Modul 7: Other Documents(1 Day) 1 Nov 2014 : Rp. 2.000.000
Modul 8:Settlement & Bank-to-bank reimbursementsunder Doc. Credit(1 Day) 8 Nov 2014 : Rp. 2.000.000
Modul 9: Documentary Collection under URC 522 & e-UCP(1 Day) 15 Nov 2014 : Rp. 2.000.000
Modul 10: Standby Letter of Credit (ISP98) & DemandGuarantee (URDG)(2 Days) 22 & 29 Nov 2014 : Rp. 4.000.000
Modul 11: Other products relating to a documentary credit,Money laundering, terroristfinancing andIslamic Trade Finance(1 Day) 13 Dec 2014 : Rp. 2.000.000
mailto:[email protected]:[email protected]:[email protected]:[email protected]://www.iccindonesia.org/http://www.iccindonesia.org/http://www.iccindonesia.org/http://www.iccindonesia.org/mailto:[email protected]:[email protected]