Using the ISP98 Model Forms for Standby Letters of Credit April 18, 2013

This training on Letters of Credit will walk you through the ISP98 Model Forms, explain variations and show how you can adapt them to structure standby letters of credit that comply with the provisions of the ISP98.

Why Should You Attend:

This webinar will acquaint participants with the ISP98 Model Forms and thereby prepare them to structure letters of credit that comply with the provisions of the ISP98. The program will focus on how and when to use the model forms to accomplish such objectives as automatic extensions, automatic reductions, transfer of drawing rights, confirmation, and arranging local guarantees.

Agenda:

A. How do standby letters of credit work?
B. What is the ISP98?
C. What is the purpose of the ISP98 Model Forms?
D. A walk through the Model Forms
E. Variations and pointers described in the end-notes

Learning Objectives:

- Understand the bare essential requirements for a well-written letter of credit
- Explore repercussions of poor language
- Develop templates and boiler-plates for use in common situations
- Learn about variations in the ISP98 Model Forms to adapt them to complex situations

Official Website: http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=702830?channel=yahooevent