Uniform Customs and Practice for Documentary Credits Update

• Overview
• Agenda
• Faculty
• Credits

On July 1, 2007, the rules governing letters of credit, the Uniform Customs and Practice for Documentary Credits, changed for the first time in over 12 years. The objective of this change is to clarify the rules, reduce discrepancies and disputes, and encourage renewed usage of letters of credit. Significant revisions include a change in the amount of time banks are allowed to examine documents, revised rules for bills of lading and multimodal transport, and a provision for documents that are lost in the mail. If you work with letters of credit, as an exporter, importer or banker, you need to know the rules you are operating under. If you have been using the UCP for standby letters of credit, now may be the time to change from the UCP to the International Standby Practices.

Faculty

Walter "Buddy" Baker, Global Trade Risk Management Strategies, LLC

Registration

To register for this live audio conference please dial 1-866-411-6211.