ICC Bangladesh will organize a day-long Workshop on Trade Finance and Best Practice in Demand Guarantees at The Peninsula Chittagong, Chattogram on Tuesday, 16 April 2019.
Bangladesh has undertaken a number of mega infrastructural development projects including but not limited to the Padma bridge, Rooppur Nuclear Power Plant, Payra sea port, coal-fired Matarbari power plant, Rampal power plant, Metro rail and Liquefied Natural Gas terminal etc. Most of the projects are executed by the reputed foreign contractors. There is also increasing practice of issuance of demand guarantee in the form of performance guarantee for importation of capital machinery. Consequently, there has been an increase of issuance guarantees against counter guarantees issued by the foreign banks for or on behalf of their customer for last seven to eight years. The Workshop will allow participants to learn about various types of demand guarantee, including tender, performance and advance payment, standby letters of credit, true guarantees (that is, contracts of suretyship), among other items.
The workshop has been designed for the trade finance officials of Bangladesh Banks, commercial banks, non-banking financial institutions, government officials, exporters, importers, investment project managers, corporate lawyers, SME entrepreneurs, freight forwarders and other international trade professionals to understand importance of compliance in Trade Finance and take guard gainst the risks involved and how to resolve issues.
Certificate for Documentary Credit Specialists (CDCS) and Certificate for Specialists in Demand Guarantees (CSDG) participants will get 8 (eight) Professional Development Unit (PDUs) for re-certification.
We are pleased to announce that the Workshop will be conducted by Dr. Andrea Hauptmann, Senior Global Consultant on Trade Finance, Raiffeisen Bank International AG, Austria. She was Head of Guarantees Department of the Bank from 1999 – 2017. She is Chair of the ICC Guarantee Task Force since 2012. Dr. Andrea is the Founder Member of the ICC Guarantee Task Force, Member of the URDG Drafting Group and Executive Committee of the ICC Banking Commission. She has been working for Raiffeisen Bank since 1984. Since 1988 she is responsible for the foreign guarantees. Dr. Andrea has been conducting various training for ICC and other organisations. She is consultant of ADB and EBRD.