Bank Guarantees and Documentary Credit in International Trade

Sede ANIMA 15 maggio - Workshop - 9.30 / 16.00

Companies that sell abroad must necessarily know these tools in order to use them in the most appropriate manner both from a contractual and a technical banking point of view.

The workshop will deal with the subject in operative terms examining texts and practical cases, proposing effective solutions and analyzing the most salient aspects that should not be underestimated.

The objective is to allow participating companies to negotiate, through the support of their lawyer and their bank, the most suitable texts for commercial development and the protection of their interests.

• Guarantees and autonomous guarantees in comparison
• Types of bank guarantees: the range of contractual bonds
• Applicable law and jurisdiction
• The ICC discipline: URDG 758 / 2010 and ISP98 590 / 1998 for Standby Credit Letters (SBLC).
• The main problems: deadline / term of validity and "Extend or Pay"
• The enforcement of the international bank guarantee and the current jurisprudential guidelines
• Features and stakeholders
• The ICC discipline: UCP 600 / 2007 and International Uniform Banking Practice (ISBP 745 / 2013)
• The characteristics of abstraction, autonomy and formalism
• Critical issues related to the documentation to be presented: invoice, transport document and insurance
• The main phases of the operation: confirmation, modification, expiration, refusal of the service
• Examination of texts and practical cases.



Avv. Hanz Giovanni Chiappetta, admitted to practice in Italy and in the state of New York

Dott. Carlo Di Ninni, Member of the ICC Banking Commission, Secretary of the ICC Italia Banking Commission, Vice President Credimpex, formerly Head of the Documentation Operations Office at ABI

The number of available places is limited. Suggested benefits for members ANIMA and UCIMU.

The workshop is held at ANIMA - Via Scarsellin 13 - Milan - from 9.30 to 16.00.

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