A training program on :International Trade Activities

KUWAIT CITY - Dec. 30, 2014 - PRLog -- Day one: Effects of Incoterms 2010 on documentary credits issuance

·         The Incoterms® 2010 rules Vs. Documentary credits (UCP600 – ISBP745)
·         The effects of Incoterms®2010 rules under international Documentary Credits practices for traders & for bankers.
·         Conformity of D/C application with the contract of sale/ purchase order
·         Issuance of a correct D/C starts with a correct application
         Comparison between INCOTERMS®2010 and UCP600 requirements for: commercial invoice, delivery documents & Insurance documents.
·         Exercises on D/C applications & D/C issuance

Days two, three and four: Documents examination according to ISBP74

Exercises, case studies and questions that will each contain several points to help participants understand the following components of the ISBP 745:

·         General principles in documents examination.
·         How to examine Draft
·         How to examine Invoice
·         How to examine transport documents
·         How to examine Insurance document and coverage
·         How to examine Certificate of origin
·         How to examine Packing list, Weight list
·         How to examine Beneficiary’s certificate
·         How to examine other certificates
Day five: Definitions and awareness about TBML (TRADE BASED MONEY LAUNDERING)

·         AML from the two traditional methods to the TBML
·         Free trade regime Vs. Regulation of Trade
·         Basic techniques of trade-based money laundering

Distinguishing features of the dynamic environment for TBML

·         The FATF identified and recommended three main areas to be focused

by Authorities to increase effectiveness in combating TBML

·         Money Laundering Vulnerabilities of Free Trade Zones
·         Proliferation financing
·         FATF's Trade-Based Money Laundering "Red Flag" Indicators

1) Red Flags relating to financial & banking products
2) Red Flags with regard to jurisdictions
3) Red Flags with regard to goods
4) Red Flags with regard to corporate structures

Target Audience
All trade specialists in banks and corporates

Program Objectives
By the end of this program, participants will be able to:

·         Explain Documents examination according to ISBP745
·         Define TBML (Trade Based Money Laundering)
·         List the effects of Incoterms 2010 on documentary credits issuance


Contact details

Performance Inc Kuwait Consulting WLL
Tel:  + (965) 22497035 / + (965) 22497036
Fax: + (965) 22497037 / + (965) 22497072

E-mail: info@performanceinckw.com
Web: www.performanceinckw.com