 |
ISP98 - Its Effective Application in Standby Letters of Credit
|
|
ISP98 - Its Effective Application in Standby Letters of Credit
|
This announcement is for your prior information only. All details are subject to change without notice. Please verify them with the organizer before you act on it.Introduction 課程簡介
Are you also sharing the same view as Mr Smartie who makes the following statements?
If your answer is yes, then you must come to join this workshop and let Mr T O Lee put you back on the right track.
- I do not deal with standby letter of credit. So ISP98 is not for me?
- ISP98 is a “Made In USA” product that does not concern Hong Kong, Macau or China.
- ISP98 is difficult to understand because it is too legalized.
- I think the UCP 600 is fine also for standby letter of credit. We have too many rules already, eUCP, ISBP 645, URC 522, URR 525, DOCDEX, URDG, Incoterms 2000, and so on.
- I do not think the ISP98 can help in my commercial letter of credit operations.
- I do not think that the ICC CDCS certificate examination also requires knowledge in ISP98.
Contents Outline 課程內容
- The historic background of ISP98.
- Why ICC needs to participate in re-drafting the ISP98 Rules? What are the major changes brought by ICC?
- Why certain countries cannot adopt the ISP98 although they really love to?
- Why some terms in ISP98 have to be different from UCP 600, such as issuer vs issuing bank, confirmer vs confirming bank?
- Why the ISP98 has to be so legalized in its Articles?
- Is ISP98 a preview of UCP 600?
- What are the major differences between ISP98 and UCP 600?
- How trouble laden articles in UCP 600 may be resolved by borrowing equivalent articles from ISP98? What steps should be taken in order not to bring in new risks?
- What precautions should the Applicant take when using ISP98?
- What precautions should be taken by the Beneficiary?
- Can the ISP98 be used in electronic commerce?
- What are the sample contents for a standby letter of credit subject to the ISP98, based on the specimen recommended by the USA ISP98 Working Party?
- Case studies.
Details 詳情
Speaker Mr. T. O. Lee (李道安先生) FAE, MCIArb, MITD Date / Time Monday, 19 May 2008 / 9:00 am - 5:00 pm (Lunch not included) Venue Chamber Theatre
22/F United Centre, 95 Queensway, Hong Kong.Language Cantonese with handouts in English Fees HK$1,500 (for members)
HK$1,800 (for non-members)
(certificate of attendance will be issued)Registration Please click here to register Enquiries / Booking: Please contact Miss Karen Au
(Tel: 2823 1200 Fax: 2527 9843)
Web: www.chamber.org.hkMr T O Lee is a Member of the UCP 600 Consulting Group and provides comments and recommendations in drafting ISP98. He is appointed by ICC Paris as an ICC DOCDEX Expert to adjudicate on letter of credit disputes. Besides being elected as one of the 9 best letter of credit experts in the world in a global survey in 2006, he is also an Accredited Expert (Letter of Credit) of the Academy of Experts, Gray's Inn, London, Member of United Nations International Multimodal Transport Association, Geneva, columnist in Lloyd's of London "Maritime Asia/Intermodal Asia" and "Hong Kong Economic Journal (信報)". He is also an editor of ICC "Documentary Credit Insight" in France, Technical Adviser of "L/C Monitor" in Canada and "L/C Views" in USA. Details of his articles, highlights of cases resolved and CDCS case studies can be viewed from his website: www.tolee.com.
 |
(416) 298-5881 |  |
(416) 292-5535 |
|