Seminar on “New rules URDG”
Date: 28th June 2010 (10:00 – 16:00)
Registration from 9:30 – 10:00
Venue: The Narutis Hotel (Pilies st. 24, Vilnius, Lithuania)
Revision of URDG 458 will enter into force on 1 July 2010. The revision, the first in 18 years, contains major changes to rules, which apply to billions of dollars of demand guarantees securing monetary and performance obligations in a wide array of international and domestic contracts.
This seminar will highlight key changes and will demonstrate how a consistent use of the URDG 758 and their accompanying model guarantee form can significantly curb the rate of rejection of demands and increase the certainty of the instrument.
Speaker: Andrea Hauptmann – member of the URDG Drafting Group executing the revision; Head of Guarantees Department, Raiffeisen Zentralbank, Austria
Seminar language: English
PROGRAMME INCLUDES:
· Step by step analysis of the new URDG and the liabilities and responsibilities of the parties
· Comparison to other ICC rules like old URDG 458
· Drafting tips
· Feedback from expert banking and trade finance practitioners
· Question and answer sessions.
WHO SHOULD ATTEND?
· Experts in international demand guarantees;
· Trade finance operations professionals;
· Project finance specialists;
· Risk managers;
· Managers from international banks and financial institutions;
· Import/export trading professionals
· Executives involved in negotiating international sales contracts;
· Lawyers, judges, business professionals and academics.
REGISTRATION FEES:
Until 16th April 2010: "Early bird Special"
490 Lt. for ICC Lithuania members
590 Lt. for non-member
After 16th April 2010:
590 Lt. for ICC Lithuania members (after 16th April)
690 Lt. for non-member (after 16th April)
VAT is included. The registration fees include all seminar activities including documentation, lunch and coffee breaks. Travel and hotel expenses are not included.
Please notice that there is a limited number of places available at the seminar
REGISTRATION CONFIRMATION:
You will receive a confirmation message from ICC Lithuania upon successful completion of your registration form
CANCELLATION POLICY:
70 % of the registration fee will be refunded if notice of cancellation is received in writing before 31st May 2010. Cancellations after this date are not refundable. The registration may be transferred to another person from the same company/bank or organization at no extra charge. Updated registration material will be required.
Please note that ICC Lithuania reserves the right to cancel this event or to make minor alterations to the content and timing of the program. In the unlikely event cancellation, delegates will be offered a full refund. ICC Lithuania will not be, however, be held responsible for any related expense incurred by participants.
TRAVEL AND ACCOMMODATION:
Participants are responsible for making their own travel arrangements and hotel reservations.
ICC Lithuania has negotiated preferential rate for rooms at the Narutis Hotel, double room (for single or double use) 90 EUR.
The rooms can be booked by email: info@narutis.com. When booking the rooms please don't forget to mention your participation in ICC Lithuania seminar. Please note that a number of rooms reserved with the ICC Lithuania rate is limited and can be booked till 1st of June 2010, if later, reservation confirmation will be question of availability. www.narutis.com
Contact person:
Ms. Karolina Safranaviciute
Project manager
ICC Lithuania
Ph. +370 5 212 1111
Fax +370 5 212 2621
karolina@icclietuva.lt, info@icclietuva.lt,
www.icclietuva.lt