Members £225 + VAT and Non-Members £295 + VAT 15 CPD points.
Course Outline: The Trainer explains the nature and role of the different types of Bonds, Guarantees and Standby Letters of Credit in relation to export tenders and contracts. The programme also highlights the problems, risks and hidden costs, giving guidance on the monitoring and control of those risks and costs. It covers uniform rules for demand guarantees (ICC 458) and compares ICC International standby practices (ISP98) with UCP for documentary credits, UCP600.
Topics Covered:
Types of Contract Bonds by use and risk
Bank Guarantees, Surety Bonds, & Standby
Letters of Credit
Hidden risks and costs
Protecting the Balance Sheet
Counter indemnities & recourse
Conflict of laws
Grading and controlling risks
Prevention of unfair calls
Risk control techniques
Alternative bond texts
International codes of practice.
Course Fees: Members £225+VAT and Non-Members £295+VAT.
Locations: Export House, Peterborough, PE2 6FT & Manchester
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