UCP 600 For Americans

Date: 3/19/2007
Time: 8:00 AM TO 4:00 PM

BellSouth
333 Commerce Street
Nashville, TN 37201

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Event Description: ABOUT UCP 600 AND THE SEMINAR
UCP 600 is the sixth Uniform Customs and Practice for Documentary Credits revision since 1933. It is the result of a 3 1/2-year process involving a consulting group of 41 international business experts combining current trade practice with the time-honored reliability found throughout the letter of credit process. All in all, it is a considerable improvement over its predecessor, UCP 500.

Like their five previous revisions, these up-to-date, well-crafted rules will function only as well as they are followed. This means understanding and compliance on the part of banks, the sellers and buyers who use L/Cs, and their service providers who provide and use the documents that make credits work. To make this happen, we explain UCP 600 in clear American business English rather than merely comparing one collection of banker jargon to another.

Understanding the rules at the operations level is not enough. They must be understood and anticipated in the sales-purchase contracts for which L/Cs are opened. We accomplish this by referring to an actual transaction with examples of the resulting documentation, referencing the applicable UCP 600 points as we go along.

Since we couldn't accomplish this using the official UCP 600 alone, we wrote a companion book, Letters of Credit for Americans.

This is a full-day seminar. Materials include both the official UCP 600 and Letters of Credit for Americans, as well as extensive seminar notes that anticipate many of the issues raised by this instruction. The value of the materials alone exceeds $125.

Agenda
Each topic will reference pertinent UCP 600 articles.

Overview

What UCP 600 is / is not

What UCP 600 does / does not do

Contract Information

Issuing an L/C

Commercial Documents

Legal Documents

Transport Documents

Financing with L/Cs

The Presentation

Bank Obligations

UCP 500 - UCP 600 compared

Who Should Attend

Importers (L/C applicants)

Exporters (L/C beneficiaries)

Forwarders

Customs brokers

International Carriers

Farsighted international bankers

International consultants

International attorneys

Compliance professionals

And anyone interested in networking with the above.

ABOUT THE INSTRUCTORS
Donald R. Smith serves as Chairman of the USCIB Banking Committee, and in that capacity represented the United States at the International Chamber of Commerce UCP 600 revision. Recently retired from Citibank NA as Vice President of Global Trade Finance Product Management, Don is Vice President of the Charlotte, NC-based technology consulting firm, Norman Technologies. He serves on the Institute for International Banking Law & Practice's Americas Advisory Council, the Editorial and Advisory Boards of Documentary Credit World, and recently completed his second term as a member of the Board of Directors of the International Financial Services Association. A frequent speaker and writer on trade finance topics, Don also assists at legal proceedings as an expert witness.

Frank Reynolds is a member of the USCIB Banking and Commercial Law & Practice Committees, and represented the United States at the International Chamber of Commerce Incoterms® 2000 revision. He has been instructing on letters of credit for 20 years, drawing on over 40 years' experience both as an applicant and a beneficiary. Frank is President of E Award winning International Projects, Inc. and holds a customs brokers license. He writes the Journal of Commerce Export ABCs column, serves on the Commerce Department's District Export Council and the Editorial Board of IOMA's Managing Imports and Exports, and is a frequent contributor to ICC Publishing's Documentary Credit Insight.

SEMINAR MATERIALS
Attendees will receive a copy of the official UCP 600 and our companion book Letters of Credit for Americans, as well as comprehensive seminar notes.

SEMINAR HOURS

8 a.m. Registration & continental breakfast

8:15 a.m. Instruction begins

12 p.m. One-hour lunch break on your own

4 p.m. Concludes

There will be complimentary morning and afternoon beverage breaks.

No refunds for cancellation.

The price is $395 for registrations received by March 9th. Afterwards the cost is $425.


Directions:
This event will be held in the BellSouth Theatre on the second floor of the BellSouth Building downtown.

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For general inquiries email us at:  info@nashvillechamber.com