Event #1382: IMPORT-EXPORT FINANCING & FRAUD

Recurs Every: Third to Last Wednesday Country: MYS Category: Training URL: http://aibim.com.my COURSE CONTENTS A. Trade Finance In Conventional & Islamic Environments; - Role of Banks in trade financing, Various terms of payment and methods of payment, Collection bills, Documents against Payment and Acceptance, URC 522,Wakalah Bills for Collection [Inward and Outward Bills),Letter of Credit Bills (LCs), Parties involved, Advantages and disadvantages; Various types of conventional and Islamic LCs; UCP 500 and How to open an LC; Import Financing Instruments; Wakalah LCs and Murabaha LCs; Musyarakah LCs and Mudarabah LCs; Kafalah Shipping Guarantees; Murabaha & Bai Dayn Bankers Acceptance;Murabaha Trust Receipts and Working Capital; Export Financing Instruments; Bai Dayn Bill; Purchasing/ Discounting; LC confirmation and LC Negotiation; Bai Dayn Bill Forfaiting; Murabaha & Bai Dayn Export Credit Refinancing; 7. Kafalah Bank Guarantees; Tender Bonds and Performance Bonds; Advance Payment Guarantees; Sub-contract Guarantees; Immigration Guarantees & Custom Guarantees; Cash Cheque Guarantees;Security Deposit Guarantees,C reative uses of LCs; Money Laundering; How To Obtain Low Interest/Profit in Trade Financing; Circumvent foreign exchange control; Purchasing contraband goods; Obtain goods without payment; Ship out rubbish/junk. B. Trade Fraud - Parties involved; Causes of fraud; Opportunities;Situational pressures;Personal Character; Types of fraud in international trade; Documentary fraud; Marine fraud;Cargo fraud;Charter Party fraud; Preventive measures to minimize fraud in LCs;Know your trading partners; Use reputable ancillary services; Inspect goods prior to shipment; Avoid communities in economic difficulties; Avoid cheap offers; Use professional assistances from banks; How to maximize profits -- http://master.php.net/manage/event.php?id=1382&action=approve http://master.php.net/manage/event.php?id=1382&action=reject http://master.php.net/manage/event.php?id=1382