Expertpath for training is inviting all trade finance specialists in the kingdom to attend the international trade week in Jeddah.

Who should attend:

All trade specialists.

Aim of this week:

Present the latest international trade issues to trade specialists.

Detailed contents and daily plan:

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.

 Day two, three & four

Documents examination according to ISBP745

• 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

TBML (TRADE BASED MONEY LAUNDERING)

• Definitions
• ML 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

       - Red Flags relating to financial & banking products

       -  Red Flags with regard to jurisdictions

       - Red Flags with regard to goods

       - Red Flags with regard to corporate structures

Expertpath for training is inviting all trade finance specialists in the kingdom to attend the international trade week in Jeddah, during this week three main topics will be covered:

• Effects of Incoterms 2010 on documentary credits issuance
• Documents examination according to ISBP745
• The newly training program to be presented for the first time in the region, TBML (Trade Based Money Laundering)

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