THE ROAD TO CDCS

The Road to CDCS

CDCS

This is a Silk Road to become Subject Expert Matter in International Trade

August December 2014

The Road to CDCS

PENGANTAR
Secara reguler ICC Indonesia melaksanakan annualy publik
CDCS tutorial training guna mempersiapkan para peserta yang
umumnya telah memiliki pengetahuan dasar yang cukup baik
untuk mengikuti ujian CDCS di Jakarta bekerja sama dengan
Ifs United Kingdom. Animo untuk mengikuti ujian CDCS dari
tahun ke tahun semakin meningkat baik bagi yang telah
memiliki pengetahuan dasar maupun bagi peserta yang sama
sekali belum memiliki pengetahuan tentang International Trade
Rules dan aplikasinya serta bagi pendatang baru pada
International Trade Operations (Perbankan dan Korporasi).

Bertitik tolak pada hal tersebut ICC Indonesia perlu memfasilitasinya melalui CDCS public training dengan pola
one stop public training on International Trade Rules & Applications melalui The Road to CDCS.

TUJUAN
Training ini merupakan persiapan dini (long terms preparation) untuk memfasilitasi peserta yang berminat untuk
memperoleh sertifikat CDCS, namun merasa belum memperoleh pengetahuan yang cukup untuk langsung
mengikuti Public Training on CDCS Tutorial yang diadakan secara reguler oleh ICC Indonesia menjelang
pelaksanaan ujian CDCS oleh IFS UK.

TENTANG THE ROAD TO CDCS

Merupakan wadah bentukan ICC Indonesia yang dapat memberikan
solusi bagi para peserta yang ingin memperoleh bimbingan dalam rangka
mengikuti ujian untuk memperoleh CDCS sertifikasi bertaraf international
dengan pola end to end basic to advance study guide, dengan
fasilitator yang bersertifikasi internasional pula.
Pembahasan materi berkisar pada:

Documentary credits - types, characteristics and uses, including standby credits

Rules and trade terms, including ISBP 745, ISP 98, UCP 600, URR 725 and Incoterms 2010
Parties to documentary credit transactions and their roles and obligations
Types and methods of payment / credit used in documentary credit transactions, including the concept
of autonomy l Types of transport, commercial and financial documents used in documentary credit
transactions
Risk issues, including types of risk, control and mitigations
Related products, including letters of indemnity, Air Way Releases and Steamship Guarantees
Implications of breaching rules including money laundering and terrorist financing

Dibutuhkan waktu 18 kali pertemuan dalam mengikuti training ini, di mana beberapa pertemuan diadakan di hari
kerja dan di hari Sabtu mulai jam 09.00 16.00 WIB.

The Road to CDCS

TENTANG CDCS
Sertifikasi Certificate for Documentary Credit Specialists (CDCS) adalah sertifikasi professional bagi para
praktisi perdagangan internasional yang telah diakui di seluruh dunia. Sertifikasi ini memungkinkan praktisi
documentary credit untuk menunjukkan pengetahuan dan pemahamannya mengenai masalah-masalah
kompleks yang terjadi di dalam praktek documentary credit.
International Chamber of Commerce (ICC) telah bekerja sama dengan Institute of Financial Services (IFS)
dalam mengembangkan CDCS di seluruh dunia. Selain itu, sertifikasi ini telah dirancang melalui proses
konsultasi dengan para pakar yang ahli di bidangnya yang turut serta secara terus-menerus untuk mengevaluasi
sertifikasi ini guna memastikan agar sertifikasi ini dapat mencerminkan praktek yang terjadi di lapangan saat ini
CDCS memperkuat dan mengembangkan pengetahuan dan pemahaman di bidang:

Documentary credits - tipe, karakteristik dan kegunaan, termasuk standby letter of credit
Peraturan dan persyaratan dalam perdagangan, termasuk ISBP 745, ISP 98, UCP 600, URR 725 dan
Incoterms 2010
Pihak-pihak di dalam transaksi documentary credit beserta peran dan kewajibannya
Tipe-tipe dan metode pembayaran/ kredit yang digunakan di dalam transaksi documentary credit,
termasuk konsepotonomi, jenis transportasi, dokumen komersial dan keuangan yang digunakan di
dalam transaksi documentary credit.
Resiko, termasuktipe-tipe resiko, control dan mitigasi
Produk terkait, termasuk surat ganti rugi, Air Way Releases dan Steamship Guarantess.
Implikasi dari pelanggaran peraturan termasuk pencucian uang dan pendanaan teroris.

KENAPA HARUS MENGIKUTI CDCS?

Gelar CDCS menunjukkan tingkat keahlian dalam documentary credit yang diakui di dunia.
Meningkatkan pengetahuan dan mendalami materi dan masalah-masalah kompleks terkait documentary
credit sesuai ICC rules serta aplikasinya.
Memfasilitasi peningkatan kompetensi sumber daya manusia sesuai standard internasional
Memberi anda hak untuk menambahkan gelar CDCS dibelakang nama anda.
Membantu meningkatkan prospek karir dengan gelar CDCS.

METODOLOGI PELATIHAN

Pelatihan ini berbasis Experimential Learning Cycle yang memakai metode individual/ group exercise,
diskusi, studi kasus, simulasi real case, role play, games dan lecture.
Pre/Post Test untuk menggali kedalaman dan peningkatan pengetahuan peserta.

FASILITATOR

Para profesional yang kompeten dan berpengalaman dalam bidang Perdagangan Internasional
kalangan perbankan dan pengusaha yang tergabung di ICC Indonesia.
Memiliki latar belakang sebagai praktisi dan trainer di perbankan ternama.
CDCS Holder
Berpengalaman memberikan materi sejenis untuk berbagai institusi di Indonesia.

The Road to CDCS

KOORDINATOR
Koordinator komite Kurikulum dan Tim Trainer: Budiutomo Kurniadi,CDCS dan Haryadi Sarpini, DC, Master Senior trainer dan technical advisor banking technique & practice di ICC Indonesia.

PRINSIP DAN PRAKTIK DALAM TRANSAKSI DOCUMENTARY CREDIT

Unit ini dirancang untuk memungkinkan spesialis documentary credit untuk memahami documentary credit,
produk, pesta, proses dan aturan yang mendukung transaksi kredit dokumenter. Serta kemampuan untuk
mengelola transaksi kredit dokumenter dan mengidentifikasi penyimpangan, dengan menerapkan pengetahuan
tentang proses, aturan ICC dan persyaratan perdagangan.

POST QUALIFICATION
Setelah mengikuti Training melalui pola The Road to CDCS ini, peserta dapat menentukan salah satu dari dua
pilihan, yakni:
1. Mengikuti tutorial lanjutan atau,
2. langsung mengikuti ujian CDCS.

PESERTA

Perbankan dan Korporasi

Pendatang baru di kalangan International Trade, Export Import, Product Management, Marketing &
Operation, Legal, dll
Manajemendan staff divisi:
International Trade, Export Import, Product Management, Front liner Bank, Marketing & Operation,
Legal, dll.
Exporter/importer
Lawyers, dll

The Road to CDCS

SILABUS
Modul
Modul
1
Modul
2
Modul
3
Modul
4
Modul
5
Modul
6
Modul
7
Modul
8
Modul
9

Durasi

Tanggal

1 Hari

Rabu, 27 Agus 14

1 Hari

Kamis, 28 Agus 14

2 Hari

Rabu, 3 Sept 14
Kamis, 4 Sept 14

1 Hari

Kamis, 11 Sept 14

2 Hari
2 Hari

Sabtu, 13 Sept 14
Sabtu, 20 Sept 14
Sabtu, 11 Okt 14
Sabtu, 18 Okt 14

Investasi

Materi

Rp. 2.000.000

Sales contract & Incoterms 2010

Rp. 2.000.000

Method of Payment & Overview of

Documentary Credit
Documentary Credit: Types, Uses and
Characteristics

Rp. 4.000.000
Rp. 2.000.000
Rp. 4.000.000
Rp. 4.000.000
Rp. 2.000.000

Issuing & advising the Documentary Credit

ISBP 745
Preparation & Examination of Transport
Documents (include ICC Rules)

1 Hari

Sabtu, 1 Nov 14

1 Hari

Sabtu, 8 Nov 14

1 Hari

Sabtu, 15 Nov 14

Modul
10

2 Hari

Sabtu, 22 Nov 14
Sabtu, 29 Nov 14

Rp. 4.000.000

Standby Letter of Credit (ISP98) &

Demand Guarantee (URDG)

Modul
11

1 Hari

Sabtu, 13 Dec 14

Rp. 2.000.000

Other products relating to a documentary

credit, Money laundering, terrorist
financing and Islamic Trade Finance

Rp. 2.000.000
Rp. 2.000.000

Other Documents
Settlement & Bank-to-bank
reimbursements under Doc. Credit
Documentary Collection under URC 522 &
e-UCP

The Road to CDCS

MODUL 1 : SALES CONTRACT & INCOTERMS 2010

TIME
09.00
16.00
(Include
coffee
break &
Lunch
break)

DURATION
1 Day

SYLLABUS

TOPIC
Sales contract &
Incoterms 2010

a. SALES CONTRACT

The Definition Of Contract

Key Consideration in Commercial Contracts

Some fundamental Principles of Contract Law

Structure of Contract
Comparison;
Premise(s) or Recital(s);
Terms and Conditions of the contract
Standard Clauses of the Contract
Testimonial Clause (Closing of the Contract);
Name and Signature of the parties;
Name and Signature of the witnesses.
Modification and/or Amendments and/or Waiver

Key Element of Successful Contract negotiation

techniques

Common Pitfalls to avoid in Drafting Business and

Commercial Contracts
b. INCOTERMS 2010

Introduction & history of INCOTERMS

Structure of Incoterms 2000 & 2010

Overview of the changes of INCOTERMS 2010

New INCOTERMS (consolidation of D terms)

DAT (delivered At Terminal) & DAP (Delivered At Place)

more detail:
Terminal handling charges
Electronic communications
Security
Insurance
Domestic and international
In summary on DAT & DAP

How to use INCOTERMS & Real life incidents

Key aspects of Incoterms 2010

c. CASE STUDY
d. POST TEST

The Road to CDCS

MODUL 2 : METHOD OF PAYMENT & OVERVIEW OF

DOCUMENTARY CREDIT
TIME
09.00
16.00

DURATION
1 Day

TOPIC
Method of Payment

(Include
coffee
break &
Lunch
break)

SYLLABUS
a. INTRODUCTION TO PAYMENT TERMS

Objectivity

Overview of UCP600 & URC522

Why International Trade?

Hazards in International Trade

How Banks Can Help

b. TRADE PAYMENT METHODS

Cash in Advance
Advantages and Risks of Cash in Advance Method

Open Account
Advantages and Risks of the Open Account Method

On Consignment
Advantages and Risks of the On Consignment
Method

Draft or Documentary Collection

The Documentary Collection Process for a Sight
Draft
The Documentary Collection Process for a Time
Draft
Advantages and Risks of Draft or Documentary
Collection Method

Documentary Credit
Choosing a DC as the method of payment
Benefits for the beneficiary
Benefits for the applicant
Autonomy of the DC
Roles, responsibilities, risks involved
Risk faced by an applicant
Risk faced by a beneficiary
Roles, responsibilities, risks involve

Overview of
Documentary Credit

c. COMPARISON OF VARIOUS METHODS OF PAYMENT

INCLUDING RULES AND MEDIA (SWIFT/TSU, UCP, URC,
URBPO, URF)
d. DOCUMENTARY CREDIT
Introduction on Documentary Credit
What is a Documentary credit? Why is it used?
Brief history
How does a Documentary credit operate?
Basic structure of Documentary Credit
Role of the banks
Parties involved in Documentary Credit
Documentary Credit Terms and Conditions
Types of Documentary credit
Documentary Requirements
The advantages and risks of the Documentary credit
method
Any idea on UCP?
e. CASE STUDY
f. POST TEST

The Road to CDCS

MODUL 3 : DOCUMENTARY CREDIT: TYPES, USES &

CHARACTERISTICS
TIME
09.00
16.00
(Include
coffee
break &
Lunch
break)

DURATION
2 Days

SYLLABUS

TOPIC
Documentary
Credit:
Types, Uses and
Characteristics

a. PARTIES ON DOCUMENTARY CREDIT

Introduction and learning objectives

Roles and responsibilities applicants side

Roles and responsibilities beneficiarys side

Relationship of parties in respect of payment of

conforming documents

Roles and responsibilities in reimbursement

Roles and responsibilities illustrated

b. TYPES OF PAYMENT

Settlement methods Sight payment

Settlement methods Deferred payment

Settlement methods By Acceptance

Settlement methods Negotiation

c. MAIN TYPES OF DOCUMENTARY CREDIT;

Evaluate the main characteristics of different types of

documentary credit;
b. CHARACTERISTICS OF DOCUMENTARY CREDIT:

Revocable documentary credit (1)

Risk under Revocable documentary credit

Irrevocable documentary credit & confirmed

Transferable documentary credit

Transferable documentary credit -risk & costs

Transferable documentary credit procedures

Transferable documentary credit -managing risks

Back-to-back documentary credit

Back-to-back documentary credit -key elements

Back-to-back documentary credit procedures

Back-to-back documentary credit -managing risks

c. COMPARING TRANSFERABLE VS. BACK-TO-BACK
d. CLEAN DOCUMENTARY CREDIT
e. ADVANCE PAYMENT DOCUMENTARY CREDITREAD
CLAUSE

Managing Risk
f. REVOLVING DOCUMENTARY CREDIT

Installment drawings or shipments

Type of revolvement

Whether the revolvementis cumulative or not

Managing Risks
g. EVERGREEN DOCUMENTARY CREDIT

Sample wording to ensure the evergreen nature of a

standby letter of credit

Managing risks
h. DOCUMENTARY CREDIT UNDER AID AGREEMENTS
i. PRELIMINARY ADVICES OF DOCUMENTARY CREDIT

Preliminary advices and inoperative

k. ASSIGNMENT OF PROCEEDS
l. CASE STUDY
m. POST TEST

The Road to CDCS

MODUL 4 : ISSUING & ADVISING THE DOCUMENTARY CREDIT

TIME
09.00
16.00

DURATION
1 Day

SYLLABUS

TOPIC
Issuing the
Documentary Credit

(Include
coffee
break &
Lunch
break)

a. INTRODUCTION AND LEARNING OBJECTIVE

Compliance with the policies of the bank

Compliance with, and the correctness of, the instructions

of the applicant

Discussions with the applicant

b. ASSOCIATED ACTIVITIES IN RESPECT OF ISSUANCE

Receipt of applicant request

Selection of an advising bank

Workability of a documentary credit

c. ISSUANCE OF A DOCUMENTARY CREDIT

Preparation of Documentary Credit

Characteristics of a documentary credit as issued

Obligation of an issuing bank

Transmission of the documentary credit by

SWIFT/telex/mail/courier
d. AMENDMENTS

Obligations of an issuing Bank

Advising A
Documentary Credit

e. ADVISING A DOCUMENTARY CREDIT

f. RELATIONSHIP BETWEEN BENEFICIARY AND ADVISING
BANK OR SECOND ADVISING BANK

Communication applicant beneficiary following advice

of the documentary credit
g. RELATIONSHIP BETWEEN BENEFICIARY AND
NOMINATED/CONFIRMING BANK
h. RELATIONSHIP BETWEEN BENEFICIARY AND
TRANSFERRING BANK
i.

RELATIONSHIP BETWEEN BENEFICIARY AND ISSUING

BANK

j.

RISK TO THE BENEFICIARY

Failure to comply with documentary credit conditions

Failure of, or delays in payment from, the issuing bank

Credit issued by a party other than a bank

k. CASE STUDY
l. POST TEST

The Road to CDCS

MODUL 5 : ISBP 745

TIME
09.00
16.00
(Include
coffee
break &
Lunch
break)

DURATION
2 Days

SYLLABUS

TOPIC
ISBP 745

a. ICC OPINIONS:

Their effect on ISBP (a look at more recent ICC opinions)

How they shape ISBP

b. ISBP, PUBLICATION NO. 745
c. WHAT IS ISBP, WHY THE NEED FOR A REVISION, AND
WHO IS IT INTENDED FOR?
d. RELATIONSHIP OF ISBP TO UCP
e. ENFORCEMENT OF ISBP PRACTICES
f.

OVERVIEW OF CHANGES TO
THE GENERAL PRINCIPLES :

Use of Virgules and Commas

Documents evidencing sending of documents and copy

transport documents

Copies of transport documents, which are subject to

articles 19-25

Three new expressions defined

Two existing expressions expanded

Language of documents

Mathematical calculations and corrections

Electronic authentication

More than one document and non-documentary

conditions

Original and copy documents

g. TRANSPORT DOCUMENTS

Multimodal, Bill of Lading, Non-Negotiable Sea Waybill &

Charter Party Bill of Lading common changes

Air Transport Document

Road, Rail or Inland Waterway Transport Document

OTHER DOCUMENTS

Drafts

Invoices

Insurance Document

Certificate of Origin

Packing List and Weight List

Beneficiarys Certificate

Analysis, Inspection, Health, Phytosanitary, Quantity,

Quality and other Certificates
h. CASE STUDY
i. POST TEST

10

The Road to CDCS

MODUL 6 : PREPARATION & EXAMINATION OF TRANSPORT

DOCUMENTS
TIME
09.00
16.00
(Include
coffee
break &
Lunch
break)

DURATION
2 Day

TOPIC
Preparation &
Examination Of
Transport
Documents

SYLLABUS
a. INTRODUCTION
b. PREPARATION OF TRANSPORT DOCUMENTS

Understanding the transport document

Creating the required transport document

c. TYPES OF TRANSPORT DOCUMENT:

Multimodal transport document:

Title, negotiability and transfer ; Control over goods; Delivery of
goods

Bill of lading:
Title, negotiability and transfer; Control over goods; Delivery of
goods

Non-negotiable sea waybill:

Title, negotiability and transfer; Control over goods; Delivery of
goods

Charter party bill of lading

Air transport documents:

Title, negotiability and transfer; Control over goods; Delivery of
goods

Road, rail or inland waterway transport documents:

Title, negotiability and transfer; Control of goods; Delivery of
goods

Courier receipt, post receipt or certificate of posting:

Title, negotiability and transfer; Control of goods; Delivery of
goods
d. COMMON CHARACTERISTICS:

Consignor and consignee

Notify party

Corrections and alterations to data content

Signing requirements

Shipping marks
e. GOODS COVERED BY MORE THAN ONE TRANSPORT
DOCUMENTS
f. CASE STUDY
g. POST TEST

11

The Road to CDCS

MODUL 6 : PREPARATION & EXAMINATION OF

TRANSPORT DOCUMENTS
.. continued
TIME

DURATION

TOPIC
Examination of
Documents

SYLLABUS
a. INTRODUCTION
b.
c. PRELIMINARY TASKS:

Recording

The schedule or letter enclosing documents

The availability of the documentary credit

Settlement or payment instructions

Discrepancies noted by the presenter

Documentary credit workability

Characteristics of the documentary credit and payment

terms

Completion of the banks document examination record

d. EXAMINATIONS OF DOCUMENTS
e.
f. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
THE DOCUMENTARY CREDIT:

Form of credit;

Documentary credit number;

Date of issue;

Applicable rules;

Date and place of expiry;

Applicant;

Beneficiary;

Credit amount;

Available with and by;

Drafts;

Partial shipments;

Transhipment;

Place of taking charge / ports / airports / place of

delivery;

Latest date of shipment;

Description of goods;

Documents required;

Additional conditions;

Period for presentation;

Confirmation instructions;

Reimbursing bank;

Charges.
g. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
ANY AMENDMENTS
h.
i. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
UCP 600:
j. STANDARD FOR EXAMINATION OF DOCUMENTS:
on their face, international standard banking practice, virgules &
commas, certificates, copies of trans.doc., corrections, dates,
box, others, expression, issuer , language, mathematical
calculations, multiple pages, non-documentary, originals &
copies, shipping marks, signatures, title of docs,
k. DOCUMENTS NOT TO BE IN CONFLICT WITH ONE
ANOTHER
l. DOCUMENTS NOT STIPULATED BY THE DOCUMENTARY
CREDIT

12

The Road to CDCS

MODUL 6 : PREPARATION & EXAMINATION OF

TRANSPORT DOCUMENTS
.. continued

TIME

DURATION

TOPIC

SYLLABUS

Examination of
Documents

m. NON DOCUMENTARY CONDITIONS

n. DETERMINATION OF COMPLIANCE ON DOCUMENTS
ALONE
o. DISCLAIMER ON EFFECTIVENESS OF DOCUMENTS
p. DETERMINATION OF ACCEPTABILITY RE ISSUER,
ORIGINALITY AND AUTHENTICATION OF DOCUMENTS
q. EXAMINATION OF DOCUMENTS WITH REFERENCE TO
ONE ANOTHER
r. EXAMINATION CHECK LIST FOR THE BANK RECEIVES
THE DOCS
s. EXAMINATION CHECK LIST FOR THE BANK AND
BENEFICIARY
t. EXAMINATION CHECK LIST OTHER DOCUMENTS
u. AN EXAMINATION LOGIC
s. AN ICC OVERVIEW EXAMINATION OF DOCUMENTS,
WAIVER OF DISCREPANCIES AND NOTICE UNDER
UCP:

Examine documents

Documents comply or do not comply

Decide to refuse or seek a waiver

(Depending on receipt of waiver) take up or refuse and

give notice

If waiver received, determine whether or not to accept

applicant waiver

Processing discrepant documents in the role of the

issuing bank:

Receiving prior requests from nominated banks for

authority to honor or negotiate

Approaching the applicant

Giving notice of refusal

Disposal of documents to applicants

t. HANDLING OF PENDING DISHONORED DOCUMENTS
u. CASE STUDY
v POST TEST

13

The Road to CDCS

MODUL 6 : PREPARATION & EXAMINATION OF

TRANSPORT DOCUMENTS
.. continued

TIME

DURATION

TOPIC

SYLLABUS

Analysis of ICC
rules

a. UCP 600:

UCP 600, article 14: Standard for examination of

documents

UCP 600, article 18: Commercial invoice

UCP 600, article 19:

Transport document covering at least..:

1. . . . two different modes of transport
2. . . . however named
3. indicate the name of the carrier and be signed
4. . . . dispatched, taken in charge or shipped on board
at the place stated in the credit
5. . . . date of shipment
6. . . . place of dispatch, taking in charge or shipment
and the place of final destination
7. . . . full set
8. . . . terms and conditions of carriage
9. . . . charter party
10. . . . transhipment

The detailed UCP provisions are set out in UCP 600,

article 20:
Bill of lading:
1. . . . however named
2. . . . indicate the name of the carrier and be
signed
3. . . . shipped on board
4. . . . date of shipment
5. . . . does not indicate the port of loading stated
in the credit as the port of loading
6. . . . full set
7. . . . transhipment

UCP 600, article 21: Non-negotiable sea waybill:

The provisions of article 21 are the same substantive
requirements as those for bills of lading under article 20.

UCP 600, article 22: Charter party bill of lading:

1. . . . indication
2. . . . signed
3. . . . shipped on board and 3b . . . date of shipment
4. . . . port of discharge
5. . . . full set
6. . . . charter party contracts

UCP 600, article 23: Air Transport Document

UCP 600, article 24: Road, Rail or Inland Waterway

UCP 600, article 25: Courier Receipt, Post Receipt or

Certificate of Posting

b. CASE STUDY
c. POST TEST

14

The Road to CDCS

MODUL 7 : OTHER DOCUMENTS

TIME
09.00
16.00

DURATION
1 Day

TOPIC
Other Documents

SYLLABUS
a. FINANCIAL DOCUMENTS
b. COMMERCIAL DOCUMENTS

(Include
coffee
break &
Lunch
break)

c. OFFICIAL DOCUMENTS
d. MODE OF PRESENTATION / TRANSMISSION
e. PRESENTATION AND UCP 600
f. DISCREPANT DOCUMENTS:

Role of a nominated bank;

Role of a nominated bank Giving notice of refusal;
Role of a nominated bank Discussion with beneficiary;
Role of a nominated bank Correction by beneficiary;
Role of a nominated bank Obtaining the issuing banks
authority;
Role of a nominated bank Receiving instruction from
beneficiary to dispatch documents;
Role of a nominated bank Dispatch of documents;
Role of a nominated bank Handling of documents
pending settlement; Settlement obligations of
confirming and nominated banks

g. SHIPMENT OF GOODS ANDPREPARATION OF

DOCUMENTS

Insurance
Documents

h.

Financial,
Commercial And
other Official
Document

i.

INSURANCE REQUIREMENTS:

Insurance policies, insurance certificates and cover notes

Insurance terms as commonly seen
Average: General average ; Particular average
Franchise or an excess (deductible)
Shipment on deck
Claims payable [name of place]
Warehouse-to-warehouse clause
General requirements
Common discrepancies that arise upon examination of
an insurance document

FINANCIAL DOCUMENTS:

15

Bill of Exchange: Definition, Documentary credit

requirement; Corrections and alterations; Calculation of
maturity; Payment at maturity
Promissory Note

The Road to CDCS

.. continued
TIME
09.00
16.00
(Include
coffee
break &
Lunch
break)

MODUL 7 : OTHER DOCUMENTS

DURATION
1 Day

TOPIC

SYLLABUS
j. COMMERCIAL DOCUMENTS:

Commercial invoice;

Certified invoice,

Consular invoice,

Legalized invoice,

Certificate of analysis;

Certificate of weight,

Inspection certificate,

Packing list,

Weight list,

Certificate of origin,

Export license,

Health certificate
k. DOCUMENTS FOR OFFICIAL PURPOSES
l. UCP 600 AND FINANCIAL DOCUMENTS
m. UCP 600 AND COMMERCIAL INVOICES
n. UCP 600 AND OTHER COMMERCIAL DOCUMENTS
o. COMMON DISCREPANCIES:

Discrepancies on financial documents

Discrepancies on commercial documents

Discrepancies on documents required for official

purposes
p. CASE STUDY
q. POST TEST

16

The Road to CDCS

MODUL 8 : SETTLEMENT & BANK TO BANK REIMBURSEMENTS

UNDER DOC. CREDIT
TIME
09.00
16.00

DURATION
1 Day

TOPIC
Settlement

SYLLABUS
a. INTRODUCTION
b. COMPLYING DOCUMENTS

(Include
coffee
break &
Lunch
break)

c. NON-COMPLYING DOCUMENTS
d. SETTLEMENT TERMS:

By sight payment

By deferred payment

By acceptance

By negotiation
e. IMPORTANT CHECKING CONSIDERATIONS:

A mix of settlement terms

Assignment of proceeds

Special documentary credits Revocable

Special documentary credits Refinancing

Advance payment documentary credit

Transferable documentary credit

Reimbursement by telegraphic transfer

Collection of charges
f. PAYMENT, NEGOTIATION, DISCOUNT AND PURCHASE:

Payment / negotiation with recourse

Payment / negotiation without recourse

g. PROVISION OF SHORT-TERM FINANCE:

Negotiation (advancing)

Discount and purchase

h. TRANSMISSION OF PROCEEDS:

Claims by a named nominated bank

Claims by a confirming bank

Claims by any bank in a freely available documentary

credit

Claims received by an issuing bank

The method of transmitting claims, effecting payment

and advising beneficiaries or nominated banks

The method of transmitting claims, effecting payment

and advising beneficiaries or nominated banks -MT 754

The method of transmitting claims, effecting payment

and advising beneficiaries or nominated banks -MT 756

Bank-to-bank
reimbursements
under Doc. Credit
(based on URR
725 and CUP 600)

i. STEP 1 : ISSUANCE 1.1

Issuance 1.2
Issuance 1.3
j. STEP 2 : AMENDMENT 2.1
Amendment 2.2
Amendment 2.3
Amendment 2.4
Amendment 2.5
k. STEP 3 : CLAIMING 3.1
Claiming 3.2
Claiming 3.3

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The Road to CDCS

MODUL 8 : SETTLEMENT & BANK TO BANK

REIMBURSEMENTS UNDER DOC. CREDIT
.. continued

TIME

DURATION

TOPIC

SYLLABUS
l. STEP 4: CANCELLATION WHILE DOCUMENTARY CREDIT
STILL VALID 4.1
Cancellation while documentary credit still valid 4.2
Cancellation while documentary credit still valid 4.3
Cancellation while documentary credit still valid 4.4
Cancellation while documentary credit still valid 4.5
m. STEP 5: CANCELLATION AFTER EXPIRY OF
DOCUMENTARY CREDIT
n. PROBLEMS
o. TRANSMISSION OF PROCEEDS
p. DISCIPLINES PROMPTED BY SWIFT MESSAGE TYPES
q. CASE STUDY
r. POST TEST

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The Road to CDCS

MODUL 9 : DOCUMENTARY COLLECTION UNDER URC 522 &

e-UCP
TIME
09.00
16.00

DURATION
1 Day

TOPIC

SYLLABUS

Documentary
Collection under on
URC 522

a. UNIFORM RULES FOR COLLECTION (URC) 522

GENERAL PROVISION AND DEFINITIONS

Transaction by Telegraphic Transfer (T/T)

Parties Involved in Collection

Documents vs Goods/ Performance

Disclaimer on delay and loss intransit and translation

Payment in foreign currency

Partial Payment

ADVICES

FORMAT TRANSACTIONS ON D/A & D/P

e-UCP supplement
to UCP 600

b. e UCP

Key features of eUCP

Supplement for Electronical Presentation:

Article e1 Scope of the eUCP
Article e2 Relationship of the eUCP to theUCP
Article e3 Definition
Article e4 Format
Article e5 Presentation
Article e6 Examination
Article e7 Notice of Refusal
Article e8 Originals and Copies
Article e9 Date of Issuance
Article e10 Transport
Article e11 Corruption of an Electronic Record After
Presentation
Article e12 Additional Disclaimer of Liability for
Presentation of Electronic Records under eUCP

(Include
coffee
break &
Lunch
break)

c. CASE STUDY
d. POST TEST

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The Road to CDCS

MODUL 10 : STANDBY LETTER OF CREDIT (ISP98) & DEMAND

GUARANTEE (URDG)
TIME
9.00
16.00
(Include
coffee
break &
Lunch
break)

DURATION
2 Days

TOPIC
Standby Letter of
Credit, Under ISP98

SYLLABUS
a. INTRODUCTION TO SBLC

Objectivity

Overview of ucp600 & ISP 98

Why ISP not UCP?

Flow of SBLC
b. TYPES OF SBLC:

performance SBLC

advance payment SBLC

bid or tender bond SBLC

counter SBLC

financial SBLC

Insurance SBLC

Commercial SBLC

direct pay SBLC

c. CRITICAL ARTICLE ON ISP 98:
(1) GENERAL PROVISION:

1.01 Scope and Application

1.02 Relationship to Law and other Rules

1.03 Interpretative Principles

1.04 Effect of the Rules

1.05 Exclusion of Matters Related to Due Issuance and

Fraudulent or Abusive Drawing

1.08 Limits of Responsibilities

1.10 Redundant or Otherwise Undesirable Terms

(2) OBLIGATIONS:

2.01 Undertaking to Honour by Issuer and Any Confirmer

to Beneficiary

2.02 Obligation of different branches, agencies, or other

offices

2.04 Nomination

2.06 When an amendment is Authorized and Binding

(3) PRESENTATION:

3.09 Extend or Pay

3.14 Closure on a business day and authorization of

another reasonable place for presentation
(4) EXAMINATION:

4.01:Examinationforcompliance

4.02: Non-examination of extraneous documents

4.03:Examinationforinconsistency

4.05: Issuer of documents

4.06: Date of documents

4.07: Required signature on a document

4.11: Non-documentary terms or conditions

4.12: Formality of statements in documents

4.16: Demand for payment

4.17: Statement of default or other drawing event

4.18: Negotiable documents

4.19:Legalorjudicialdocuments

4.20: Other documents

4.21: Request to issue separate undertaking

(5) NOTICE, PRECLUSION, AND DISPOSITITION OF
DOCUMENTS:

5.01: Timely notice of dishonor

5.09: Applicant notice of objection

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The Road to CDCS

MODUL 10 : STANDBY LETTER OF CREDIT (ISP98) &

DEMAND GUARANTEE (URDG)
.. continued

TIME

DURATION

TOPIC

SYLLABUS

Standby Letter of
Credit, Under ISP98

(6) TRANSFER, ASSIGNMENT AND TRANSFER BY

OPERATION OF LAW:
6.02 : When drawing rights are transferable (7) CANCELLATION:

7.01: When an irrevocable standby is cancelled or

terminated

7.02: Issuers discretion regarding a decision to cancel

(8) REIMBURSEMENT OBLIGATION

8.04: Bank-to-bank reimbursement

(9) TIMING:
9.05:Retention of standby
(10) SYNDICATION/PARTICIPATION

URDG (Uniform
Rules of Demand
Guarantee)

d. WHAT IS DEMAND GUARANTEE?

Demand Guarantee Three Party

Demand Guarantee Four Party/counter guarantee

Independence of guarantee
e. LAW AND JURISDICTION
f. PARTIES TO DEMAND GUARANTEE

Applicant/Instructing party

Guarantor

Beneficiary

Counter-guarantee/Counter-guarantor

Issuance of the local guarantee

Counter-guarantee

Types of Guarantee
g. OPERATION OF A DEMAND GUARANTEE SUBJECT
TO URDG758
h. KEY ASPECTS OF URDG 758:

Application of URDG

Definitions

Interpretation

Independence of guarantee and counter guarantee

Non documentary conditions

Advising of guarantee or amendment

Presentation

Requirements for demand

Information about a demand

Partial demand and multiple demands; amount of

demands

Examination

Time for examination of demand; payment

Currency of payment

Extend or pay

Non-complying demand, waiver and notice

Reduction and termination

Force majeure

Transfer of guarantee and assignment 0f proceeds

Governing law

Jurisdiction

URDG 758 vs Local Law

i. CASE STUDY
j. POST TEST

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The Road to CDCS

MODUL 11: OTHER PRODUCTS RELATING TO A

DOCUMENTARY CREDIT, MONEY LAUNDERING AND
TERRORIST FINANCING AND ISLAMIC TRADE AND FINANCE
TIME
09.00
16.00

DURATION
1 Day

TOPIC
Other products
relating to a
documentary credit

(Include
coffee
break &
Lunch
break)

Money laundering
and terrorist
financing

Islamic Trade
Finance
.

SYLLABUS
a. INTRODUCTION
b. RELEASE OF GOODS BY CARRIERS
c. SHIPPING GUARANTEE AND INDEMNITY

The form of indemnity Common feature

The form of indemnity

The risk
d. AIRWAY RELEASE AND DELIVERY ORDERS

The forms

Counter-indemnity

Risks
e. LETTER OF INDEMNITY (LOI):

Liabilities

The form of the LOI

Counter-indemnities
f. PARTICIPATION AND SYNDICATION

Syndication agreement
g. THE PRACTICE OF MONEY LAUNDERING
h. VARIETY OF TECHNIQUE:

Cash transactions

Undervaluing or overvaluing invoices

Shell companies and trusts

Bank capture
i. THE PRACTICE OF TERRORIST FINANCING
PREVENTION:

Know your customer (KYC)

Know your customers business

Know your business (obligations)

Keep records

Report suspicions
j. SANCTIONS
k. ISLAMIC TRADE FINANCE

The growing significance of Islamic finance.

How Islamic finance fits within Islam a brief introduction

Divine guidelines in Islamic finance

Core principles
The prohibition of usury and interest (riba)
Prevention of excess uncertainty (gharar) in
contracts
Prohibition of speculative transactions (maysir)
Exclusion of investments forbidden in Islam
(muharramat)

Structures in Islamic finance

Musharaka
Basic rules of sale in Sharia
Salam
Murabaha

Islamic trade finance

Overview
Murabaha documentary credits
Murabaha documentary collection
Musharaka documentary credits
Salam pre-shipment export financing
Islamic finance and UCP 600
Leading the way
l. CASE STUDY
m. POST TEST

22

The Road to CDCS

REGISTRATION FORM
The Road to CDCS
I will attend : Please tick (v) in the box on the event you attend to :

Modul 1: Sales contract & Incoterms 2010

(1 Day) 27 Aug 2014 : Rp. 2.000.000
Modul 2: Method of Payment & Overview of
Documentary Credit
(1 Day) 28 Aug 2014 : Rp. 2.000.000
Modul 3: Documentary Credit: Types, Uses and
Characteristics
(2 Days) 3 & 4 Sept 2014 : Rp. 4.000.000
Modul 4: Issuing & advising the Documentary Credit
(1 Day) 11 Sept 2014 : Rp. 2.000.000
Modul 5: ISBP 745
(2 Days) 13 & 20 Sept 2014 : Rp. 4.000.000

Modul 6: Preparation & Examination of Transport

Documents (include ICC Rules)
(2 Days) 11 & 18 oCt 2014 : Rp. 4.000.000

Modul 7: Other Documents

(1 Day) 1 Nov 2014 : Rp. 2.000.000
Modul 8: Settlement & Bank-to-bank reimbursements
under Doc. Credit
(1 Day) 8 Nov 2014 : Rp. 2.000.000
Modul 9: Documentary Collection under URC 522 & e-UCP
(1 Day) 15 Nov 2014 : Rp. 2.000.000
Modul 10: Standby Letter of Credit (ISP98) & Demand
Guarantee (URDG)
(2 Days) 22 & 29 Nov 2014 : Rp. 4.000.000
Modul 11: Other products relating to a documentary credit,
Money laundering, terrorist financing and
Islamic Trade Finance
(1 Day) 13 Dec 2014 : Rp. 2.000.000

Please read the payment instructions below (under Registration Fees) carefully before responding.
Full Name

___________________________________________________________________________

Company

___________________________________________________________________________

Position

___________________________________________________________________________

Address

___________________________________________________________________________
____________________________________________ City :

_________________________

Contact Telephone

___________________________________________________________________________

Email

___________________________________________________________________________

Invoice address

___________________________________________________________________________
___________________________________________________________________________

Invoice attn.

___________________________________________________________________________

Full Package Investment : Rp. 25.000.000/participant

Please complete this Registration Form and return it to ICC Indonesia by email to icc@iccindonesia.org
or fax to (021) 29667914 (Attention: Ms. Susan/Santi/Karisa)
Payment should be made to
ICC Indonesia
IDR ACCOUNT 070.11.955.31
Permata Bank, MenaraKadin Branch, Jl. HR. Rasuna Said X-5 Kav. 2-3 Jakarta

Date Signature
50% of the fee will be chargeable if the notification of cancellation is received within 5 working days prior to the program.
Tempo Pavilion 1 bld 8th Floor, Jl. H.R. Rasuna Said Kav. 11 Jakarta 12950 Indonesia

T: (62 21) 29667914 | F: (62 21) 29667915 | E:icc@iccindonesia.org | W:www.iccindonesia.org

23

The Road to CDCS