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Institute of International Banking Law & Practice

2025 Singapore Annual LC Survey | May 20 | 7 CPDs

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8:30 – 9:00      Registration & Check-In



9:00 – 9:30      Welcome & Introducing Yourselves


9:30 – 10:15    2025 News & Trends in Global Trade

2025 has already been quite a year, and we’re only a few months in. Join our panel of experts as they walk you through the latest news and trends shaping trade and trade finance.

Topics include:

  • Charter Party B/Ls: Does Holder have Right to Sue in the Event of Misdelivery?
  • The Latest in Russia Sanctions 
  • ICC’s reversal on sanction clauses as non-documentary conditions   Export Control Regimes: What's Here and What to Watch for
  • Letters of Indemnity: implications of LOIs use for LC practice
  • UCP700 or Bust: What’s Best for the Future of Commercial LCs?[CSB1] 
  • The MAS Paper on Commodity Financing 
  • Bill of Lading Endorsement: What do laws, regulations, and practice rules say?
  • Handling non-UCP transport documents used in oil trades
  • Supply Chain Finance: Winners and Losers

10:15 – 10:25  Coffee & Networking Break


10:25 – 11:25  What are the Courts Saying? 

A Deep Dive into Cases of Consequence for Trade, Including:

  • The “Maersk Katalin” -- Original bills of lading: a true or false sense of security?
  • CTBC Bank v. ICBC -- Good faith, complying documents, and forum non conveniens

11:25 – 11:35  Coffee & Networking Break 


11:35 – 12:00  AI: Fact, Fiction and Predictions

The value that ChatGPT and AI large language models bring to other industries is immense, but their use in trade and capital markets remains limited. Our panelists will walk us through months of testing and research, demonstrating how AI can be trained to make our industry more efficient, cost-effective, and productive.


12:00 – 12:30  What’s New from Swift: Trade Strategy Update

  • API Standards for Guarantees & Standbys
  • How can a non-bank issuer send an MT700? 

12:30 – 13:30  Lunch Break 


13:30 – 14:15  Bills of Lading: A New Dawn

Historically there were good reasons for issuing B/Ls in more than one original but not so now. Who’s responsible for continuation of this outdated practice? More importantly, what realistic options are available for modernizing the B/L instrument and its use?  


14:15 – 14:25  Coffee & Networking Break  


14:25 – 15:10  Supply Chain & Receivables Financing

  • GSCFF Rules
  • SCF via electronic platforms?
  • Who takes the compliance risk?

15:10 – 15:20  Coffee & Networking Break


15:20 – 15:55  Digitalisation of Trade Finance

  • Cross-Border eTrade: What’s been the Singapore Experience?
  • Passage of the UK’s Electronic Trade Documents Act paved the way for the UK to join Singapore in adopting the principles of the MLETR.
  • Prospects for MLETR Adoption in China: An Update
  • MLETR Reliability Standard Verification
  • Assessing the Impact of the eUCP Directory
  • eUCP: What’s Hindering Use?
  • Are Club-Based Solutions for LCs a viable alternative?
  • Examining printed electronic documents
  • ICC DSI and the Key Trade Documents & Data Elements Report
  • DCSA+ Partnership Programme: What Role do FIs have in shaping the future of digital shipping? 
  • Legal Entity Identifiers (LEIs): Use and Potential

15:55 – 16:05  Coffee & Networking Break 


16:05 – 16:50  The Latest from the ICC 

The Practices ...

  • ISBP Revision – Its status and what stands out
  • ISBP Education Project

 

The Opinions ...

  • TA949: Surrendered Bills of Lading 
  • TA948: Draft & Packing List 
  • TA947: Issuing Bank Charges
  • TA945: Meaning of Lost & Application of Article 35 
  • TA944: Charter Party B/L Endorsement
  • TA943: Documents Sent on Approval Basis
  • TA941: Clean B/L

The Briefings ...

  • No. 12 – Read in Context with (Nov 2024)
  • No. 11 – Trade Finance Definition (Sep 2024)
  • No. 10 – Amendment Acceptance or Rejection (Aug 2024)

16:50 – 17:00  Summary, Lucky Draw, and Closing Remarks 





The Annual Survey of Letter of Credit Law & Practice (Annual Survey) is the trade finance industry’s premier conference providing structured interaction between participants and leading world-class experts.  

Held each year since 1992, attendees of the Annual Survey include senior bankers, attorneys, LC and standby/ guarantee users, and other experienced specialists.

  • Learn from Leading World-Class Experts
  • Interactive Discussion with Seasoned LC Professionals on Issues Which Matter to You
  • Valuable Networking with Industry Leaders, Like-Minded LC Specialists, and Perspective Customers
  • Distinguish Your Bank as a Leader in the LC Industry
  • Professional Development Units – CDCS Specialists in Attendance earn PDUs
  • Budget Value – Maximize Your Bank’s Attendance at a Fraction of the Cost of In-House Training           
  • In-Depth Analysis of Today’s Troublesome LC Practice Trends and Hot Topics
  • UCP600 and Its Implications for the Future
  • The Impact of ISBP … in Your Region and Around the World    
  • Valuable Insight into the Major LC Cases and Legal Considerations
  • LC Open Forum: Pose Your Questions to Our Experienced Panelists
  • ICC – Discussions of valuable, updated Rules needed for understanding LCs, Trade etc.

Given the highly competitive nature of LCs, it is important that banks active in the letter of credit market keep current with industry trends, including issues which cannot be solved by the next UCP. Year after year, the Annual Survey has excelled in assisting its attendees in understanding the impact of critical developments and strategies for enhancing customer relationships. 

In conjunction with this unique conference each year, additional one-day seminars are also conducted which each focus on a specific area of letter of credit business.   


Event Venue:
S&P Global
12 Marina Boulevard #23-01, Marina Bay Financial Centre, Tower 3 018982

Virtual Attendees 

You will receive an email with a link to register for the Zoom attendance of this event in the week leading up to it. It is possible that you will receive an event ticket, which is solely for record keeping. 

Continuing Education Credits (CPDs)

This event will provide 7 CPDs toward recertification for CDCS, CSDG, and CTFC.


Sponsorship Opportunities

Please email Michael Byrne at mbyrne@iiblp.org for more details on the benefits of sponsoring IIBLP events, including seats, visibility, and access to a 'town square' for the industry.



Additional Resources



Organizer

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Our Sponsors

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Sponsorship Opportunities

Please email Michael Byrne at mbyrne@iiblp.org for more details on the benefits of sponsorship - including: bulk attendance rate, visibility, flexible display solutions, and more.