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?
- 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
- Credit Insurance Policies as Security
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:
- BCP v. China Aviation Oil – Independence Principle & LOI Use
- Credit Agricole v. PPT – Costs & Effect of LOI Contractual Indemnity Clause
- Winson Oil Trading – If Not Unconscionability, a “New” Fraud Exception: Recklessness
- Inter-Pacific Petroleum – Director's Responsibilities and Oversight under Singapore Companies Act
- ERA Capital – A cautionary tale for LC banks to train employees what not to say about other banks or parties
- 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 Who’s responsible for continuation of this outdated practice?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?
- Supply Chain Finance: Winners and Losers
15:10 – 15:20 Coffee & Networking Break
15:20 – 15:55 Digitalisation of Trade Finance
- Prospects for MLETR Adoption in Other ASEAN States & China: An Update
- MLETR Reliability Standard Verification
- Assessing the Impact of the eUCP Directory
- eUCP: What’s Hindering Use?
- 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
