“LEGAL AND PRACTICAL ASPECTS OF BILL OF LADING & LETTERS OF CREDIT” SEMINAR

Dubai Chambers (Main Office)

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About the Event

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Bill of lading is the most frequently encountered document for shipping and it plays a central role in the finance of international trade and has on occasions been referenced as the cornerstone of commodity trade. With the expansion of international trade, the importance of understanding the legal and practical aspects of bill of lading and letters of credit is of paramount importance. This seminar will provide a comprehensive overview of obligations and challenges faced by the trading parties using letters of credit and bill of lading.

Organized By

Dubai Chamber of Commerce in collaboration with ICC-UAE

Objectives

• Provide an overview on the letter of credit cycle
• Gain detailed insights into the workflow, procedures and obligations of the parties under letters of credit and related security
• Identify the strengths and weaknesses of documents as collateral for trade and commodity finance
• Understand the role of letters of credit and the presentation of bill of lading thereunder
• Examine issues surfaced in recent legal cases such as letters of Indemnity “LOI’s”

WHO SHOULD ATTEND?

Dubai Chamber Members, International Sales Professionals, Shipping and Logistics Managers, Trade Finance Bankers, Legal Advisors for International Business, Business Development Executives involved in export and import business, General Managers, Business Owners, Risk & Compliance Professionals, Insurers, Trade Consultants, Contract Administrators and anyone interested in gaining knowledge

PARTICIPATION FEES (EXCLUDING VAT)

• Dubai Chambers’ Member & ICC National Committees’ Member: AED 1500/-
• Non-Profit Organization: AED 2,000/-
• Non-member: AED 2,500/-

* 10% discount available for groups of three or more.

FACILITATORS

Vincent O’Brien

Director
International Chamber of Commerce- United Arab Emirates (ICC-UAE)

Vincent O’Brien is Director of the International Chamber of Commerce, United Arab Emirates (ICC UAE). He has been actively involved in facilitating international trade & finance for more than a quarter of a century and has delivered technical assistance for trade finance in more than 100 countries. Vincent has worked extensively in trade facilitation with the major Multilateral Development Banks and his recognized specialty is trade related dispute resolution where he often acts as Expert Witness in Trade Disputes and Legal Cases.

Vincent also holds the non-executive advisory position of Associate Director of the Institute of International Banking Law and Practice (IIBLP) and having chaired ICC’s Market Intelligence Group, he remains a member of the editorial board contributing in the application of ICC Trade Rules.

Robert Parson

Partner
Squire Patton Boggs (UK) LLP

Robert Parson is a partner based in the London office of international law firm Squire Patton Boggs and specializes in commodities finance and shipping. Robert’s practice includes financing arrangements across the commodity and trade industry. He represents banks and non-bank financiers, funds, large and medium-sized commodity traders, producers, credit insurers and other participants in financing and monetizing the international production, storage, movement and distribution of both raw materials and manufactured goods.

Robert advises regularly on structured trade and inventory finance and the use of financial instruments such as letters of credit, bills of exchange, promissory notes and other secure payment arrangements in international trade, as well as has expertise in related disputes.