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Canada's Know-All LC Expert
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Canada's Know-All LC Expert
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Disclaimer
- The names of the parties, as well as the data and information in the cases stated below, have been sanitized in order to protect the identity of the parties involved. The complexities of the cases have also been simplified to facilitate easy understanding of the key issues involved.
- Our expert's opinions do not necessarily reflect the views of the ICC or the ICC Commission on Banking Technique and Practice. No legal imputation should be attached to any of the contents of the cases and no legal responsibility is accepted for any errors, omissions or misleading statements or opinions caused by negligence or otherwise. Our expert's opinions are given for your reference only and you should not rely upon or act on our opinions, of which we are not held liable. You should consult your legal counsel or other experts for their opinions in your specific cases.
- No article, opinion, or comment can be reproduced in whole or in part without our express written permission.
HE HAS
He has art of LC teaching. He has expertise of LC dispute management. He has skill of LC knowledge management. He has experience of LC consultancy. He has a worldwide good reputation for his multifaceted competence, such as air, sea, surface and multimodal transport, charter party, commodity trade, cargo insurance, Incoterms 2000, trade frauds, China trade, risk management, mediation, arbitration and the civil and common law perspectives on these subjects, as well as the East and West cultures and banking practices.
HE IS
He is FAE, MCIArb, MITD. He is an inspiring trade finance teacher. He is master of all LC-related subjects, and not Jack of all trades. He is architect of developing countries' trade finance expertise. He is one-stop solution to world's trade finance problems. He is constructive critic par excellence in the ICC forums -he is not a yes man. He is a good trade finance writer. He is expert witness. He is DOCDEX expert. He is ICC's consultant in UCP revision.
HE DOES
When he writes, when he speaks, whether it is classroom or ICC forum, he, oh God, is very frank and bold in pinpointing the weaknesses in trade rules and practices, in other specialists' opinions. For example, when somebody from Europe suggested in DC INSIGHT discontinuation of "Negotiation" in UCP, he immediately dashed a "Letter to the Editor", saying how relevant is "Negotiation" in Asia. His faculty and tendency is to suggest loudly, at the same time when he un-reluctantly criticizes, to the whole world - including world business organization named ICC, to make rules clear, specific, and meaningful, and to make practices right, purposeful and safe. He has facts and figures to support his viewpoint. Some of the ICC opinions on maritime transport and cargo insurance were later reversed as a result of his disagreement with reasons, quoting the current trade practices and supporting authorities in articles published in Documentary Credit World, LC Monitor, LC Update and Lloyd's of London Press "Intermodal Asia" magazine. His efforts are appreciated and encouraged by Maria Cattuai, the Secretary General of ICC and Charles del Busto, the Chairman of ICC Banking Commission at that time.
HIS
His expertise is in great demand. Because his expertise works, whether it is classroom, court or office. His expertise is a solution. His expertise is cost-effective. His expertise is upgraded all the time, not obsolete anytime.
HE AND THEY - COURT OF PUBLIC OPINION
You want proof of his expertise, his competence? One proof is what others say about him in the court of public opinion. Others acknowledge his multifaceted competence. Their opinions have one and the same theme - he is undoubtedly the world's best one-stop trade finance expert.
Charles del Busto -Chairman of ICC Banking Commission (1990-1996)
"A brief discussion with Mr. Lee will convince you of his expertise on International Trade particularly for his knowledge and experience in maritime chartering, multimodal transport, marine cargo insurance, trade frauds, the China Trade, mediation and arbitration".
Jacob Katsman - Managing Editor, LC Monitor, Canada
"Mr. Lee's presentation is thought provoking and original in its content. It brings to light not only problems with documentary credits but also solutions that you could obtain only from practical experience working in the field. I highly recommend it to both bankers and traders who are serious about letters of credit".
S.C. Kwok - Vice President, Citibank, Hong Kong
"Most comprehensive information in the handouts, inspiring presentation, professional in every respect, introducing the latest international trade fraud cases with in-depth analysis".
"Clear and focused line of thoughts, lively presentation, experienced in handling questions, lots of case studies from the speaker's own work file to be shared with us".
Ding Bo - Director, Zhum Heng Development Ltd., Guangdong Group, Hong Kong
"Handouts are clear, concise and focused, with lots of real life cases to reflect the current trading environment and the important changes in the market place".
Abdulkader Bazara, Product Manager, Samba Financial Group, Saudi Arabia
T.O. Lee - he is without doubt a valuable person in Letters of Credit community. I categorize him as risk management and transport documents specialist. I miss his contribution to the DC-Pro Discussion Forum - I like his challenging approach. I have attended one of his seminars. The feeling of the audience is that he has undoubtedly a great knowledge of the product .
Jia Hao, Financial Product Manager, Bank of China, China
I always query Mr. T. O. Lee about many controversial issues and learned from him and his informative website a lot. From his relative comments I admire his learned mind with a large range of knowledge including letter of credits law, international transport, insurance, Incoterms, arbitration and so on. His comments are very informative, pragmatic, logical and sharp, and even with some Buddhism wisdoms sometimes enlightening me a lot. He can speak Chinese and English as well as understand both eastern and western cultures quite well. So it is his advantage for teaching both Chinese and English trainees without any language and culture barrier.
R.S. Rangan, Head of Trade Finance, National Bank of Fujairah, U.A.E.
T O Lee. He had conducted many training sessions in Dubai on various topics. His specialization is transport (BL) related issues. His presentations are very well supported by power point presentations and handouts.
Lakshmanan Sankaran, Head of Trade Finance Centre, Commercial Bank of Dubai, Head Office, U.A.E.
T.O. Lee has a refreshing approach and brings to the lecture a great amount of his practical experience and knowledge as an LC Consultant. He is technically sound and has the additional advantage of the legal background. He is not afraid to question the usual assumptions and practices.
Zahoor Dattu, Head of Trade Finance, Abu Dhabi Commercial Bank, U.A.E.
T. O. Lee is a sound and good speaker. He has in depth knowledge of trade finance. He takes enormous pain in preparing training materials. He has a good respect in the UAE and his web site is being more frequently referred in our Trade Finance forum. He has been in UAE many times for workshop and presentation and has been respected in this region. His style is innovative and he is humorous and keeps the audience well attracted to his presentation. He is eager to meet the audience's expectation at all the times.
Kim Christensen, Trade Finance Specialist, Nordea, Denmark
Even though there are things on which we do not fully agree, I always enjoy his argumentation, knowledge and insight. I surely have learned a lot from that.
HE AND COURT OF LAW
The other proof of his competence is his success in the court of law. The following ten court cases, among others, he represented are convincing evidence of his dispute management expertise. He is expert witness. His this role is a witness of his LC competence. He is a DOCDEX expert. This also proves his LC dispute management expertise.
M/T "TEMPLAR" V HANDSOME CHEMICAL DEVELOPMENT LTD.
BANK OF MONTREAL, TORONTO V
RESEARCH IN MOTION, TORONTONEDCOR ASIA LTD. V
THE INDUSTRIAL & COMMERCIAL BANK OF CHINA, HONG KONGNEC HONG KONG LIMITED, HONG KONG V
THE INDUSTRIAL & COMMERCIAL BANK OF CHINA, FOSHANTOTAL HUTCHISON ENERGY (ASIA) LIMITED
STANDARD CHARTERED BANKSHANTOU S.E.Z. HUAYI DEVELOPMENT COMPANY &
THAI TAK TRADING COMPANY LIMITED V
SEOULIA CONFECTIONERY COMPANY LIMITED
KOOKMIN BANK
THE CITIZENS NATIONAL BANK &
THE YIEN YIEH COMMERCIAL BANK LIMITEDBANK OF TOKYO LTD., TOKYO V
BANK OF CHINA, MACAUSTONE & WEBSTER INCORPORATED V
THE SHAW GROUP INCORPORATED &
SHAW OVERSEAS (FAR EAST) LIMITED,
D/B/A STONE & WEBSTER INTERNATIONAL LIMITEDAL WARED TRADING ESTABLISHMENT, DUBAI V
STANDARD CHARTERED BANK, DUBAICAHAJAYA TIMBER INDUSTRIES SDN. BHD., MALAYSIA V
CITIBANK BERHAD, MALAYSIAJOURNEY THROUGH HIS PERFORMANCES AND ACHIEVEMENTS
Lee's life is full of inspiring performances and achievements. Mr. T. O. Lee has over 30 years experience in international trade, accumulating a wealth of knowledge in settling international trade disputes related to letters of credit, international trade frauds and cargo insurance claims. He constantly tracks the new techniques in prevention of international commercial frauds, risk management and ISO9000, keeping abreast with new development in letter of credit, transport, cargo insurance, mediation and arbitration. Before establishing the first such one-stop comprehensive consulting services in Hong Kong and Canada, he was a director and general manager in a division of Jardine Matheson & Co., Ltd. in Hong Kong and the Group's advisor and trainer in letter of credit during 1982-1992.
He is a member of UCP 600 Consulting Group and a letter of credit expert appointed by ICC DOCDEX to adjudicate on letter of credit disputes submitted to ICC for resolution. He contributes comments on the drafts of banking and trading rules, such as the UCP 500 Position Papers, URC 522, URR 525, DOCDEX, ISP98, eUCP, Transferable Credits & UCP 500, Waiver, ISBP and Official Opinions of ICC Banking Commission. He is rated as one of the nine best letter of credit specialists in the world in a global survey by L/C Views of USA in 2005. He is a member of ICC/IFA Task Force on Forfaiting. He is actively involved in ICC Commercial Crime Bureau and is a representative of Canada in ICC E-Business, IT & Telecoms Commission (GUIDEC II), the ICC Commercial Law and Practice Commission (Incoterms 2010), the ICC Arbitration Commission. He is also a member of the Editorial Board of the ICC Publication "Documentary Credits Insight" (1994-1999), a Technical Adviser of "L/C Monitor" in Canada and "L/C Views" Electronic magazine in the USA. Mr. Lee is a member of the Canadian Working Party on the ICC Commission on Banking Technique and Practice. He is also a Fellow and an Accredited Expert (Letter of Credit) of the Academy of Experts, Gray's Inn, England, a Member of the Chartered Institute of Arbitrators, England, a Member of the United Nations International Multimodal Transportation Association, Geneva and a Member of the Institute of Training and Development, England.
He was a columnist in the Lloyd's of London Press "Maritime Asia/Intermodal Asia" magazine during the period of June 1993 to March 1995. He has been contributing since August 1993, a Saturday column in the "Hong Kong Economic Journal". He is a co-author with Eric Ellen in ICC Publication No. 548 "Special Report on China Trade - The Risk Factor". He chairs public seminars in the USA, Canada, Europe, China, Hong Kong, ASEAN and Middle East Countries, providing in-house training and consultancy services to Fortune 500 corporations and banks globally. His professional workshops are known for the 4 "i's" - interesting, insightful, inspiring and interactive. He also provides expert witness services to international legal firms in letter of credit litigations.
EXIT
Thank you for reading LC VIEWS to know T O Lee's convincing competence. When you wish to use his competence to address your business needs and problems, visit www.tolee.com
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