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									                                                              The official one-day launch seminar on the
                                                                                                          Up to
                                                              key changes in UCP, ISBP, SWIFT and
                                                                                                         5.5 CPD
                                                              the impact on banking and trade practice.
                                                                                                          hours
                                                              Book online at www.iccbookshop.com




                                    UCP 600:
 ESSENTIAL INFORMATION AND ANALYSIS
      THE OFFICIAL ICC UK LAUNCH
                              Wednesday 27 June 2007
Church House Conference Centre, Dean’s Yard, Westminster, London, SW1P 3NZ
                   Chaired by John Turnbull, Sumitomo Mitsui Banking Corporation
                      Co-Chair of the ICC Consulting Group for the UCP Revision
Opening Remarks from Lionel Taylor, Head of Trade & Supply Chain, The Royal Bank of Scotland


FEATURING          EXPERT ADDRESSES FROM:                              COVERING:
    Stephen Tricks, Clyde & Co                                            Introduction to UCP 600
    Tim Taylor, SWIFT                                                     The role of UCP 600 in L/C operations
    Ingolf Kaiser, Stephenson Harwood                                     Changes to SWIFT
    John Turnbull, Sumitomo Mitsui Banking Corporation                    UCP 600 and transport documents -
    Anne Miglorine, Zenith Bank                                           a practical review
    Roger Jones, Chair of the ICC United Kingdom                          Key impact on market and banking practice
    Committee on Banking Technique and Practice
                                                                          Negotiation
    Alan Gordon, Trafigura
                                                                          ISBP: key changes
    Professor Howard Bennett, University of Nottingham
                                                                          Governing law and UCP 600
    Dr Kenneth Ge, Bank of China
                                                                          Originality, non-documentary conditions,
                                                                          consistency
        ALL DELEGATES WILL RECEIVE A COPY OF
                                                                          The impact of UCP 600 on trade finance in China
       UCP 600 AND A COPY OF THE NEW ISBP

                       Sponsored by                                    To secure your place at this event, please return
                                                                      your completed registration form and payment to
                                                                           ICC United Kingdom, 12 Grosvenor Place,
                                                                                      London SW1X 7HH
                                                                                 Fax: +44 (0)20 7235 5447
                                                                          Register online at www.iccbookshop.com
                                                                     For further information on our sponsors please visit:
                                                                                        www.rbs.co.uk

ICC United Kingdom and its courses are accredited by the Solicitors Regulation
Authority (SRA), the Bar Standards Board and the IFS School of Finance
                UCP 600: ESSENTIAL INFORMATION & ANALYSIS -                                                                                                                                            THE               OFFICIAL ICC UK LAUNCH
                     70        UNIFORM CUSTOMS
                          YEARS, THE                                    9.15         WELCOME       BY   THE ROYAL BANK            OF   SCOTLAND                     11.15    MORNING COFFEE                                                             14.40        PANEL SESSION

    F
           OR OVER
         AND PRACTICE (UCP), ICC’S RULES FOR                                         LIONEL TAYLOR, HEAD OF TRADE          AND   SUPPLY CHAIN,                                                                                                                       CHAIRED BY JOHN TURNBULL         AND JOINED BY
         DOCUMENTARY CREDITS, HAVE GOVERNED                                          THE ROYAL BANK OF SCOTLAND                                                     11.45    UCP 600: KEY IMPACT               ON   MARKET       AND                                 ALAN GORDON, TRAFIGURA
    LETTER OF CREDIT TRANSACTIONS WORLDWIDE.
                                                                                                                                                                             BANKING PRACTICE                                                                        Discussion panel with the speakers and questions
    UCP 600      CONTAINS IMPORTANT NEW PROVISIONS                      9.20         INTRODUCTION        TO   UCP 600                                                                                                                                                from the audience
                                                                                                                                                                             JOHN TURNBULL, SUMITOMO MITSUI BANKING CORPORATION
    IN THE FIELDS OF TRANSPORT, INSURANCE AND
                                                                                     JOHN TURNBULL, DEPUTY GENERAL MANAGER,
    COMPLIANCE, WHICH WILL UNDERPIN LETTER OF                                                                                                                                 John will review the following areas:
                                                                                     SUMITOMO MITSUI BANKING CORPORATION EUROPE                                                                                                                         15.35        AFTERNOON TEA
    CREDIT TRANSACTIONS FOR YEARS TO COME.   THESE                                                                                                                                 Ability to finance L/Cs
                                                                                     John Turnbull will review:
    RULES AFFECT ALL PARTIES INVOLVED IN THE TRANS-                                                                                                                                Key issues: Are they resolved?
    ACTIONS COVERED BY DOCUMENTARY CREDITS.                                               The background and approach to the revision including                                                                                                         16.05        GOVERNING LAW            AND   UCP 600
                                                                                                                                                                                   Negotiation: What does it mean and how is it done?
    THIS   ISICC UK’S OFFICIAL LAUNCH CONFERENCE                                          the drafting and review process                                                                                                                                            ROGER JONES, CHAIR, ICC UK COMMITTEE              ON   BANKING
    FOR    UCP 600 AND INCLUDES ESSENTIAL INFORMA-                                        Key issues raised in the revision, new concepts and layout
                                                                                                                                                                    12.30    ISBP - AN UPDATE                                                                        TECHNIQUE AND PRACTICE
    TION AND ANALYSIS ALL PARTIES TO A CREDIT MUST                                                                                                                                                                                                                   Notwithstanding the fact that UCP does not include pro-
                                                                        9.45         THE ROLE      OF   UCP 600       IN   L/C   OPERATIONS                                  ANNE MIGLORINE, SENIOR MANAGER, TRADE SERVICES,
    KNOW IN ADVANCE OF THE IMPLEMENTATION DATE:                                                                                                                                                                                                                      visions on governing law, it is not market practice to
                                                                                                                                                                             ZENITH BANK
    1 JULY 2007. THE DAY WILL INCLUDE COVERAGE                                       STEPHEN TRICKS, PARTNER, CLYDE & CO                                                                                                                                             include specific governing law clauses in letters of
                                                                                                                                                                              The ISBP (International Standard Banking Practice)                                     credit. Under the Rome Convention of 1980, English
    OF THE REVISED ISBP AND CHANGES TO SWIFT, A                                      Every letter of credit involves several commercial and legal
                                                                                                                                                                              deals with how the articles of UCP are to be integrated                                courts have had the ability to adopt a pragmatic
    REVIEW OF GOVERNING LAW ISSUES AND UCP’S                                         relationships. Whether the company is the seller/beneficiary,
                                                                                                                                                                              into day to day practice. Following the revision of                                    approach to this issue but its proposed replacement by
    IMPACT ON TRADE IN CHINA. AS AN OFFICIAL ICC                                     buyer/applicant, issuing bank, confirming bank or nominated
                                                                                                                                                                              UCP, this essential companion has been updated to                                      the Rome I Regulation could severely restrict the flexi-
    UNITED KINGDOM SEMINAR, ALL OF OUR TECHNICAL                                     bank, you need to understand your rights and obligations.
                                                                                                                                                                              reflect the new requirements under UCP 600.                                            bility enjoyed at present. Roger Jones will highlight the
    SPEAKERS ARE NOT ONLY MEMBERS OF THE ICC UK                                      Stephen will explain how UCP 600 fits into the L/C structure
                                                                                                                                                                              Approved by the ICC Banking Commission at its April                                    key issues affecting banks and traders in the light of
                                                                                     and how far it governs your position.
    COMMITTEE ON BANKING TECHNIQUE & PRACTICE                                                                                                                                 2007 meeting, it incorporates changes to bring it into                                 this and associated developments.
    AND RECOGNISED TRADE FINANCE PRACTITIONERS OR                                         The L/C structure                                                                   line with UCP 600 and, as such, contains key changes
    TRADE EXPERTS, BUT HAVE BEEN CLOSELY INVOLVED                                                                                                                             of relevance to bankers and traders.
                                                                                          The incorporation of UCP 600 in the L/C
                                                                                                                                                                                                                                                        16.30        THE IMPACT OF UCP 600 ON TRADE FINANCE IN
    IN THE DRAFTING AND REVIEW PROCESS OF           UCP                                   What is and what is not covered by UCP 600
    600 FOR THE PAST THREE AND A HALF             YEARS.
                                                                                                                                                                                                                                                                     CHINA
                                                                                                                                                                    13.00    LUNCH
    DELEGATES RECEIVE EXPERT COMMENTARY              AND                10.15        CHANGES      TO    SWIFT                                                                                                                                                        DR KENNETH GE, GENERAL MANAGER              AND   CEO,
    ANALYSIS OF THE NEW RULES FROM SPEAKERS WHO                                                                                                                                                                                                                      BANK OF CHINA LONDON BRANCH
                                                                                     TIM TAYLOR, LEAD STANDARDS SPECIALIST, SWIFT                                   14.10    UCP 600: SPECIFIC COMPLIANCE ISSUES
    HAVE IN-DEPTH UNDERSTANDING OF THE EVOLUTION                                                                                                                                                                                                                     Dr Kenneth Ge will highlight the practicalities, opportu-
    OF THE DRAFTING OF THE NEW ARTICLES.                                                  SWIFT UCP Guidelines                                                               HOWARD BENNETT, HIND PROFESSOR             OF   COMMERCIAL                              nities and challenges of trading in China and will review
                                                                                          Coverage by current MT 7xx messages                                                LAW, UNIVERSITY OF NOTTINGHAM                                                           the possible impact of ICC's new trade finance rules on
    ALL DELEGATES WILL RECEIVE         A COPY OF THE NEW
                                                                                                                                                                             Howard Bennett will address final aspects that are                                      how trade is conducted in China.
    UCP 600 AND ISBP.                                                                     Review of changes in alignment with UCP 600 including
                                                                                          fields, format and definitions                                                     covered in the new rules in addition to potentially
    WHO SHOULD ATTEND:                                                                                                                                                       challenging areas, including:
                                                                                                                                                                                                                                                        17.00        SUMMARY BY THE CHAIR FOLLOWED BY
    IMPORTERS, EXPORTERS, CARRIERS, INSURERS,                           10.40        UCP 600       AND    TRANSPORT DOCUMENTS                                                       Interpretations                                                                  RECEPTION HOSTED BY THE ROYAL BANK OF
    BROKERS, AND ALL BANKS WISHING TO NOT                                           INGOLF KAISER, PARTNER, STEPHENSON HARWOOD                                                      Originality                                                                      SCOTLAND
    ONLY LEARN THE RULES BUT HOW THEIR CUS-                                                                                                                                         Non-documentary conditions
                                                                                    Using practical examples and transport documents, Ingolf Kaiser
    TOMERS PERCEIVE THEM.                                                           will analyse the transport articles of UCP 600 and take delegates                               Consistency and linkage
                                                                                    through the changed requirements affecting documents.


   ionel Taylor is Head of Trade & Supply Chain at The Royal Bank of Scotland. His team is responsible for the management and development of the bank's                  nne Miglorine recently joined Zenith Bank (UK) Limited as Senior Manager, Trade Services. Anne has been a trade finance professional in the
L  international trade products, supply chain finance initiatives and associated delivery channels. Lionel has extensive trade and corporate finance experience
gained with major European and US financial institutions.
                                                                                                                                                                      A  banking sector for over 25 years, having previously worked for various banks including UBAF, Midland Bank, London Trust Bank and ABC. Anne is
                                                                                                                                                                      a member of the ICC UK Committee on Banking Technique and Practice, Chair of the ICC UK Sub-Committee for Overseas Banks in London and a
                                                                                                                                                                      member of the Association of Foreign Banks' Trade Finance Committee.
   ohn Turnbull has been involved with trade finance and documentary credits for over 25 years, holding managerial posts with Banque Paribas, United Bank of
J  Kuwait and Swiss Bank Corporation. He has conducted numerous seminars and lectures on the ICC Uniform Customs and Practice for Documentary Credits,
trade finance and LC matters in addition to jointly organising the long standing bi-monthly 'Export Forum'. John is Co-Chair of ICC's Consulting Group on the UCP     R     oger Jones is Chair of the ICC UK Committee on Banking Technique and Practice and leads the UK delegation to the ICC Banking Commission. Last
                                                                                                                                                                            year he retired as a Senior Executive with Lloyds TSB Bank, where he gained wide technical, risk and general management experience. He has spe-
Revision, Chairman of the Association of Foreign Banks' Trade Finance Committee, and the Global Head of Structured Trade and Commodity Finance at SMBC.               cific expertise in payments and trade finance with a wide range of European and other contacts. He also remains Chair of the TARGET Working Group
                                                                                                                                                                      which is representing the European banking industry in discussions with the ECB/Eurosystem on the new TARGET2 pan-European Euro RTGS system.
   tephen Tricks has been a partner at Clyde & Co since 1986. Specialising in international trade, his clients include trading companies, banks, carriers and
S  insurers. Although Stephen handles litigation and arbitration in many jurisdictions, much of his work involves giving advice on how to avoid disputes and
how to resolve them quickly once problems occur. Stephen is a member of the ICC UK Committee on Banking Technique and Practice.                                       A    lan Gordon has over 23 years experience in the trade finance industry having initially worked on the banking side for 14 years before 'changing
                                                                                                                                                                           sides' and joining Trafigura in order to set up its trade finance area at its inception in 1993. At Trafigura, Alan is heavily involved in the practical side
                                                                                                                                                                      of the business, such as prefinancing, consignment, processing, looking for solutions to problems, and is used to satisfying the needs and requirements
  ngolf Kaiser is a partner at Stephenson Harwood in the shipping litigation team. He has indepth experience of bill of lading/charter party disputes, including
I maritime fraud investigation and asset tracing. Ingolf's work often involves complex cross-border litigation, in which jurisdiction and other conflict of laws
issues arise. He advises banks and traders on shipping related matters arising from trade finance and commodity disputes.
                                                                                                                                                                      of all the large commodity banks for both oil and metal.
                                                                                                                                                                          oward Bennett is Hind Professor of Law at University of Nottingham. He read English and French Law at King's College, London and the Universit é
    im Taylor is a Lead Standards Specialist in the SWIFT Standards Department based in London, having been with SWIFT since October 1999. He sup-
                                                                                                                                                                      H   de Paris I (Pantheon-Sorbonne). After reading for the Bar, he pursued postgraduate studies, again at King's College, before becoming a lecturer at
T   ported the successful migration of the London financial market from ISO 7775 to ISO 15022 message standards for securities: settlement, reconciliation
and corporate actions. He continues to facilitate ISO 15022 and ISO 20022 market practice groups at national level; and at global level (SMPG) for corporate
                                                                                                                                                                      the University of Nottingham in 1989. His research covers international trade and shipping law (in particular marine insurance law), insurance and rein-
                                                                                                                                                                      surance law, general contract law and secured transactions law. He lectures regularly on international trade law throughout the world.
actions. Prior to joining SWIFT, Tim spent five years working at CREST on the system build and its subsequent implementation.                                             r Kenneth Ge is General Manager and CEO of Bank of China London Branch, and Director of Bank of China International (UK). He joined the Bank
                                                                                                                                                                      D   of China New York Branch in 1993 where he worked for 12 years in various management positions. He has been the Director of Association of
                                                                                                                                                                      Foreign Banks since 2004, and is a member of Guild of International Banks and a member of the EU Advisory Group.
                  ICC UNITED KINGDOM SEMINAR WEDNESDAY 27 JUNE 2007
                          UCP 600: Essential Information and Analysis - The Official ICC UK Launch
THIS    EVENT IS SPONSORED BY                           THE ROYAL BANK                      OF     SCOTLAND. FOR                  FURTHER INFORMATION ON OUR SPONSORS, PLEASE VISIT WWW.RBS.CO.UK

REGISTRATION: 08.45
RECEPTION: 17.10
VENUE: CHURCH HOUSE CONFERENCE CENTRE, DEAN’S YARD, WESTMINSTER, SW1P 3NZ
Registration Fees                                                                                                           Rate                               VAT                                                  Total

Members of ICC United Kingdom                                                                                               £323.00                            £56.53                                               £379.53

Non-Members of ICC United Kingdom                                                                                           £380.00                            £66.50                                               £446.50

The registration fee includes all seminar materials and presentations as made available by the speakers, a copy of UCP 600 and ISBP, lunch and a wine
reception after the close of the programme. Please note that places are limited and delegates are advised to book early to avoid disappointment.
Please complete and return the registration form, along with your payment, to ICC United Kingdom. Bulk discounts are available; please contact us for
further details. Delegates will receive email confirmation of their registration within seven days of receipt of payment. Please note that full payment must
be received in order to process registrations and to generate a confirmation email. Confirmed registrations cancelled prior to 28 May 2007 will incur a
20% administrative charge. Cancellations received after this date unfortunately cannot be reimbursed. However, substitutions are welcome at any time.
Please note that ICC UK reserves the right to cancel the seminar at any time or to make minor alterations to the content and timing of the programme or
to the identity of the speakers. In the unlikely event of cancellation, delegates will be offered a full refund or a credit note against a future ICC UK event.


 I wish to reserve the following place(s) at the ICC UK UCP 600 Launch Seminar on Wednesday 27 June 2007 at a cost of £................................
 (Why not register online at www.iccbookshop.com?)


 Delegate One (Mr/Ms/Other): ..............................................................................................................................................................................................

 Position:..................................................................................................................                 Email: ..........................................................................................

 Member of ICC UK? (Please call our office if you are unsure)                                                                  Yes            £379.53 including VAT                                  No            £446.50 including VAT
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 ICC UK will not disclose your contact details to any other party.                                                             Yes                                                                   No

 Delegate Two (Mr/Ms/Other): ............................................................................................................................................................................................

 Position:..................................................................................................................                  Email: ........................................................................................

 Member of ICC UK? (Please call our office if you are unsure)                                                                   Yes            £379.53 including VAT                                  No            £446.50 including VAT
 May we pass your contact details onto our sponsors RBS?
 ICC UK will not disclose your contact details to any other party.                                                              Yes                                                                   No


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