International Trade Frauds

• International Trade Frauds

• Commodities Frauds: Sugar, Urea, Chemicals, Steel, Petroleum, Marlboro Cigarettes & Other Commodities of High Demand

• Classical Frauds: Scuttling, Arson, Chartering, Insurance, Non-delivery, Thefts & Piracy

• Fraud Cases in Commercial Letter of Credit

• Fraud Cases in Standby Letter of Credit

• Money Laundering

• Computer Crimes, Internet Frauds

International Trade Risk Assessment and Management

• Introduction and classification of risk management

• Risk in commercial letters of credit operations

  • Document risk

  • Procedure risk

  • Risk in transferable L/C

  • Risk in back-to-back L/C

  • Disputes over discrepancies and wrongful dishonour

  • A banker's right of recourse

  • Government sanctions and injunctions

  • Discounting on deferred payment credits

• Risk in standby letters of credit and letter of indemnity

  • Differences between commercial credits and standbys

  • Solution offered by International Standby Practice (ISP 98)

  • SBLC - a favourable tool for the fraudsters

  • Risk in LOI - from a banker's perspective

• Risk in Bank-to-bank reimbursements

  • Current exposure of risks from certain countries, like Nigeria

  • No expiry for reimbursement claims

• Risk in Trust Receipts

  • Bankruptcy symptoms

  • Loopholes in partial delivery under T/R

  • Risk from lack of co-ordination and effective communication protocol

  • Risk arising from goods consigned directly to banks

• Risk Free Management
  • Risk free procedures in international trade for importers and exporters

  • Risk free documentation in letter of credit and documentary collections for importers and exporters

  • Risk free operation procedures and documentation for carriers and freight forwarders.

Duration: Two-Day Workshop

10 a.m. – 5 p.m., with one-hour lunch break, at your premises or our training center.

 

Check for prices & schedules