Site Title

Trade Finance Updates - ISBP 821
2023-10-18
Since its initial publication in 2002, the International Standard Banking Practice (ISBP) for the examination of documents under UCP 600, has become an invaluable aid to trade finance professionals when creating documents for presentation under, or for the examination of documents presented under, a documentary credit. It comprises a compilation of banking practices that are to be applied when working with documentary credits that are subject to UCP 600.
ISBP was recently updated and became effective on 1 July 2023. The updated rules, ISBP 821 align with several ICC Opinions, incorporating significant additions to the rules. It addresses, among others, terminology, preliminary conditions, signatures and signs, multimodal transport documents & insurance documents.
Course objectives:
Identify the new provisions under the ISBP
Learn from expert commentary on the ISBP provisions
Learn of UCP 600 articles and ICC opinions relevant to ISBP provisions
Understand ISBP provisions related to documents required for presentation under documentary credit
WHO SHOULD ATTEND
Trade Finance Practitioners
Letter of Credits Experts
Correspondent Bankers
Lawyers, insurance & logistics experts
Everyone who works with Letters of Credit
SPEAKER
Dr Soh Chee Seng, Chief Executive, DC Trade Consultancy Services Pte Ltd., Associate Director of The Institute of International Banking Law & Practice and Technical Adviser to Association of Banks in Singapore.

15th ICC CCS International Financial Crime Seminar: The Risks of Trading Frauds Today: Identifying & Preventing Fraud in International Trade
2024-03-26 08:00 - 17:00 (Asia/Shanghai)
Against the backdrop of a fluid trade finance environment, the fraud risk is ever present.
In recent years there have been massive frauds in commodity trade finance in Asia, often involving fraudulent bills of lading and other manipulated shipping documents.
Join us for this highly interactive one-day event in Kuala Lumpur to learn more about the changing nature and main techniques of trade finance & compliance fraud, sanction evasion, the examination of recent fraud cases and how to prevent you – or your customer – from becoming a victim of fraud & malpractice.

Integrating the voice of MSMEs for an effective global plastics treaty Asia Regional Dialogue
2024-03-27 14:00 - 15:30 (Asia/Shanghai)
Online | 27 March 2024 | 2:00pm – 3:30pm (MYT)
Negotiations are well under way to develop a global UN Plastics Treaty that will require all actors of society to play their part in addressing the scourge of plastic pollution. As micro, small and medium-sized companies (MSMEs) represent 90% of businesses globally, it is vital that their voice is heard and taken into account in developing global rules and measures that can be applied and implemented effectively at national level to accelerate the transition to a circular economy for plastics and end plastic pollution.
In order to help shape an effective and workable global treaty that takes into account the capabilities and needs of small businesses, in particular in emerging and developing economies, your input and views on opportunities and challenges will be critical.
This ICC Regional Dialogue, hosted by ICC Malaysia, will provide a platform that brings together MSMEs across the value chain of plastics, supply chain leaders, and government representatives in Asia for an invaluable exchange that provides a channel for MSME perspectives to the negotiation process as well as demonstrates how the global plastics treaty could leverage opportunities to accelerate action.

Don’t miss out on the opportunity to have your say in shaping the Global UN Plastics Treaty! Register Now!

C4DTI Digital Trade Conference & Awards
2024-04-17 - 2024-04-18
Working together to make trade cheaper, faster, simpler, sustainable and more secure.
17 – 18 April 2024
Day 1 – Virtual | Day 2 – In-person
What is C4DTI DTC?
The Digital Trade Conference (DTC) is the annual, international, flagship event for ICC Centre for Digital Trade and Innovation (C4DTI). Taking place on 17–18 April 2024, it will discuss practical implementation, results from recent pilot initiatives and ongoing roll-outs:
• How we can implement interoperable systems across border with government and industry, drawing on international best practice
• Implementing international legal, rules and standards frameworks consistently across global supply chains
• Best practice solutions, lessons learnt from pilot initiatives and access to the international experts and thought leaders leading projects and programmes
• Practical solutions to managing key risks across global supply chains – data security, cybersecurity, and fraud
• Insights and thought leadership
For more information about the conference, click here.
If you are interested in sponsorship & speaking opportunities for our 2024 event, please contact us at events@iccwbo.uk

About the Awards
ENTRIES FOR THE 2024 C4DTI AWARDS ARE NOW OPEN!
The ceremony takes place on Thursday 18 April 2024, and will showcase and celebrate global best practice in trade digitalisation.
The event supports the objectives of the C4DTI and takes place alongside the Digital Trade Conference to bring together industry and government practitioners and recognises excellence on both a corporate and individual level with regards to those involved in delivering a cheaper, faster and simpler trading system.
Key dates:
• Submissions open: Week commencing 16 October 2023
• Submission deadline: Friday 15 December 2023
• Shortlist announced: Friday 26 January 2024
• Awards ceremony: Thursday 18 April 2024
Why Enter?
• Achieve global recognition from the world’s largest and most influential business organisation
• Celebrate the achievements of your firm, project and people
• Gain international exposure through the ICC and C4DTI network via social media and our website
• Opportunity to showcase your project in the C4DTI Finalist brochure that will be shared globally
• Gain competitive advantage
• Position yourself to win government contracts
• Be an exemplar on international best practice
• Become a C4DTI champion
Download 2024 Entry Pack

ICC Malaysia Arbitration Day 2024
2024-07-02 08:30 - 17:30 (Asia/Shanghai) | The Auditorium, Level 3, Asian International Arbitration Centre, Bangunan Sulaiman, Jalan Sultan Hishamuddin, 50000, Kuala Lumpur, Malaysia
Venue: The Auditorium, Level 3, Asian International Arbitration Centre Organiser: ICC Malaysia and ICC Dispute Resolution Services

Join us for this insightful event where we invite distinguished speakers to discuss the following:

Complex Arbitration Agreements
Stay of Arbitration Pending Parallel Proceedings
Conflicts of Interest Disqualification
Hypotheticals – Arbitrators’ Mistakes

You simply cannot miss out on this learning & networking opportunity!

SESSION 1: Complex Arbitration Agreements
The speakers will analyse issues arising from complex arbitration agreements includingproblems from pathological/ asymmetric arbitration agreements, inoperative/ null/ voidarbitration agreements, effect of national laws; approach of courts/tribunals to suchagreements; drafting considerations.Speaker: Shamala BalasundaramPanel members: Ooi Huey Miin, Crystal Wong Wai Chin

SESSION 2: Stay of Arbitration Pending Parallel Proceedings
Which should go first, the arbitration or the civil suit? Is there a one size fits all solution?Navigating arbitration in the face of pending parallel arbitration, criminal or disciplinaryproceedings? How best to achieve fair play? Hear our speakers on how courts haveapproached these issues.Speaker: K Shanti MoganPanel members: Foo Joon Liang, Lam Ko Luen

SESSION 3: Conflicts of Interest Disqualification
The speakers will dissect the various types of conflict including double hatting, and expresstheir views on whether an arbitrator can disqualify counsel. The panel will also look at:

definitions in the IBA Guidelines and institutional rules, the difference in the approachof the national laws;
soft laws and other rules;
the approach of the courts in using the IBA Guidelines and the relevant case law;
caselaw including Sierra Fishing Company v Farran (2015 EWHC 140 (Comm), 2015All ER (D); W Ltd v M Sdn Bhd (2017 1 All ER (Comm) 981);
assessing and resolving conflicts, disclosing a conflict, challenging an arbitrator andassessing the challenge.

Speakers: Sanjay Mohan, Sitpah Selvaratnam, Lim Koon Huan

SESSION 4: Hypotheticals – Arbitrators’ mistakes
The Panel will discuss hypothetical errors in Awards posed by the Moderator to thepanellists and explore the limits of arbitrator mistakes in Award, what kind of errors shouldbe reviewable and whether and if so, how they can be brought within the narrow confines ofthe NY Convention and Model Law.Moderator: Nahendran NavaratnamPanellists: Belden Premaraj, Alan Gomez

Trade Based Financial Crime
2024-10-17 08:30 - 17:00 (Asia/Shanghai) | The Majestic Hotel Kuala Lumpur, Autograph Collection, 5, Jalan Sultan Hishamuddin, Tasik Perdana,, Kuala Lumpur, Kuala Lumpur, 50000, Malaysia
Trade-based financial crimes (TBFC) cover a wide range of illicit activities that exploit the global trade system for unlawful and illegal purposes. Foremost of these are trade-based money laundering (TBML) and trade-based terrorist financing (TBTF). TBML involves the process of disguising the origins of illegal funds and legitimizing them through trade transactions, while TBTF utilizes trade mechanisms to finance terrorist activities, whether the funds are from lawful or unlawful sources.
Course objectives of seminar:

Discover the complexity of TBFC which involves a variety of sophisticated schemes to mask criminal activity
Gain insights into how illicit funds, goods or services can be moved through trade flows
How to mitigate money laundering, terrorism financing, commercial fraud through identification of TBFC red flags
Best practices for exercising due diligence on customers and on trade transactions
Lesson to learn from court decisions

PROGRAMME

08:30
Registration and Morning coffee

09:00

Introduction to Trade Based Financial Crime

International Banking Operations
The Instruments of Independent Undertakings
Principle of Autonomy
The UCP and International Standard Banking Practice
The Fraud Exception

10:00

Documentary Credit Frauds

Conspiracy
Movement of Goods
Round Tripping/Sell and Buy Back Transactions
Letter of Indemnity instead of Original Transport Documents to be presented
Shipment of Goods with no market value
Phantom Shipment

10:45
Coffee Break

11:00

Documentary Credit Frauds (Continued)

Fraudulent Documents
Unconscionable Drawing
Case Study – Recent Court Decisions

Financial Instrument Frauds

Counterfeit Financial Instruments
Non-Bank Issuers
Inconsistencies in Proposed Transactions
Case Study

12:30
Lunch Break

14:00

Money Laundering & Terrorism Financing

Stages of Money Laundering
Trade Based Money Laundering
Common Techniques used in Trade Based Money Laundering
Terrorism Financing
Use of Synthetic LC in Terrorism Financing
Dual-use goods and proliferation financing

15:30
Coffee Break

15:45

Sanctions

ICC Guidance Paper
Case Study – Recent Court Decisions

Kuvera Resources vs JP Morgan Chase in Singapore
Celestial Aviation vs UniCredit Bank in London
Q&A

17:00
End of Programme

WHO SHOULD ATTEND?
Managers and officers from trade finance marketing, trade services, LC experts, risks and compliance, internal auditors, corporate and commercial banking.
PARTICIPATION FEE*

Payable to “ICC Malaysia Berhad” Bank: Malayan Banking Berhad | Account No: 514178682986 | Swift Code: MBBEMYKL
SPEAKER
Dr Soh Chee Seng is Technical Consultant on trade finance issues for the Association of Banks in
Singapore, Non-Exclusive External Trade Finance Adviser of a number of banks in Asia Pacific and Associate Director of Institute of International Banking Law & Practice, USA.
Dr Soh is a member of the Panel of Experts, ICC Rules for Documentary Credit Dispute Resolution Expertise (DOCDEX). He served as a member of the UCP600 Drafting Groupcommissioned by the ICC Banking Commission to revise UCP500 and member of the task force on international standard banking practice for documentary credits (ISBP).
Dr Soh has conducted workshops on trade finance issues to numerous ICC national committees and financial institutions in Southeast Asia. He has been invited by the Supreme People’s Court of China, Shanghai High People’s Court and Tianjin High People’s Court to conduct seminars on ISBP for the judges in China. He has also been invited as an expert witness on many LC cases in China, Hong Kong, Malaysia, Singapore and South Korea.
Dr Soh received his Ph.D. in International Law from the China University of Political Science and Law in 2011 and his first degree, Bachelor of Commerce, major in Economics, from Nanyang University, Singapore, in 1973.
CANCELLATION / REPLACEMENT / NO-SHOW POLICY

All registrations carry a 50% cancellation liability immediately after a completed registration form has been received by ICC Malaysia.
Cancellation must be in writing to ICC Malaysia. Replacement at no additional cost.
Deadline for registration and payment: 10 October 2024
Participants who do not turn up at the event are liable for the full fee.
ICC Malaysia reserves the right to alter, cancel or reschedule the programme. All efforts will be taken to inform participants. If ICC Malaysia decides to cancel/postpone the event, ICC Malaysia
shall not be responsible for covering all costs incurred by participants.

Click here to register / download brochure.

Exploring the Path to Modern Arbitration with ICC Rules
2025-01-21 09:30 - 16:00 (Asia/Shanghai) | Raja Aziz Addruse Auditorium, Level 2, Wisma Badan Peguam Malaysia, Level 2, Wisma Badan Peguam Malaysia, Kuala Lumpur, Kuala Lumpur, 50500, Malaysia
CPD Points: 4
The International Chamber of Commerce (“ICC”) and the Bar Council Arbitration and Construction Law Committee (“ACLC”) are hosting a seminar for arbitration and construction lawyers.
The seminar will focus on:

enhancing the knowledge and skills of practitioners in arbitration under the ICC Rules;
providing insights into the benefits and practical implications of the ICC Court and the ICC Rules;
dispelling common misconceptions about ICC Arbitration.

The aim of this seminar is to share insights to legal professionals to effectively navigate the complexities of arbitration and construction law.
PROGRAMME

09:30
Registration

10:00
Opening Remarks — “Special Features of ICC Arbitration”

10:15
Session 1: “ICC Arbitration Clause and Crafting Terms of Reference: Defining the Framework for Successful Arbitration”
Speakers: (1) Cecil Abraham, (2) Janice Tay
Moderator: Louise Azmi

11:15
Break

11:30
Session 2: “Accelerating Arbitration: Mastering the ICC Expedited Procedure for Efficient Dispute Resolution”
Speakers: (1) Lilien Wong, (2) Mak Hon Pan
Moderator: Nina Lai

12:30
Lunch

13:30
Session 3: “Enhancing Award Enforcement: Court Scrutiny of the ICC Award”
Speaker: Sitpah Selvaratnam
Moderator: Adrian See

14:30
Break

14:40
Session 4: “A Comprehensive Guide: Understanding the Costs of ICC Arbitration”
Speakers: (1) Shamala Balasundaram, (2) Lim Chee Yong
Moderator: Tasha Lim

15:40
Closing and Announcements

FEES
Members of International Chamber of Commerce (ICC): RM 100
Member: RM 100
Members below 7 Years of Practice: RM 80
Pupil in Chambers: RM 60
Non-Member: RM 150
Should you have any enquiries, please contact:
Pavithra Balasundram 03-2050 2066; pavithra@malaysianbar.org.my
Rajeswari Gunarasa 03-2050 2089; rajeswari@malaysianbar.org.my
Register Now! | Download Brochure

Digital Trade Finance
2025-05-15 08:30 - 17:30 (Asia/Shanghai) | The Majestic Hotel Kuala Lumpur, Autograph Collection, 5, Jalan Sultan Hishamuddin, Tasik Perdana,, Kuala Lumpur, Kuala Lumpur, 50000, Malaysia
8 CPDs towards CDCS®, CSDG®, CSCF® recertification

TRAINING OBJECTIVES:

Understand the fundamentals and evolving landscape of digital trade finance.
Explore key impetuses driving digitalization in trade finance.
Examine governance and regulatory frameworks.
Gain practical insights into implementing digital trade finance solutions.
Discuss experience and emerging trends in the industry.

PROGRAMME:

08:30
Registration

9:00

Session 1: Introduction to Digital Trade Finance

From Paper to Digital
Benefits of Digital Trade Finance
Defining Digital Trade Finance
Examples of Digital Trade Finance

Payables Finance
Receivables Finance
eUCP Credits

What differentiates Data and Documents

10:00

Session 2: ICC Rules for Digital Trade

E-Compatibility of ICC Rules
Overview of eUCP
Overview of eURC
Overview of URDG 758 e-compatibility
Overview of URBPO
Overview of URDTT
Other Rules – ISP98, URTEPO

10:45
Networking Coffee Break

11:00

Session 3: eUCP and eURC Overview

Relationship to UCP and URC
Scope and applicability
What is an electronic record
Key provisions

Place for presentation
Completeness
Hybrid presentations

Are advising and nominated banks needed?

12:30
Lunch and Networking Break

14:30

Session 4: MLETR – Understanding the Legal Framework

Scope of MLETR

What it covers, what it does not

Status of MLETR adoption and examples

Singapore Electronic Transactions Act
UK Electronic Trade Documents Act

Contract Law for Digital Trade
Reliability Criteria for Systems

15:30
Networking Coffee Break

15:45

Session 5: Technology for Digital Trade Finance

Use of digital platforms
Blockchain and Distributed Ledger Technology
Electronic Bills of Lading
Artificial Intelligence and Machine Learning
Automation of Document Examination
Challenges of Digital Trade Finance
Collaborations between banks, fintechs and customers

17:00
Closing Remarks

17:15
End of Programme

TRAINER PROFILE:

DOCDEX Expert for the ICC’s International Centre for ADR
Co-author of the ICC’s Certificate in Digital Trade Strategy
Working group member of the Global Supply Chain Forum
Drafting group member for the ICC’s eUCP v2.0
Drafting group member for the ICC’s eURC v1.0
Drafting group member for ITFA’s Uniform Rules for Transferable Electronic Payment Obligations
Sherpa of the Asia Pacific Financial Forum (APFF) Digital Trade Finance Lab
Published author with Documentary Credit World, Trade Finance Global, ICC Academy and other professional publications
CDCS Advocate
Chartered Fintech Professional

Practical experience in documentary trade, supply chain finance, risk distribution and correspondent banking in 4 global and regional banks. Fintech experience focused on trade finance and fraud risk mitigation.

TARGET AUDIENCE:

Trade finance professionals
Bankers and NBFIs
Corporate treasury teams
Fintech professionals
Trade policy makers and regulators
SMEs
Exporters and importers

FEES:

Member
Non-Member

Individual
RM 1,450
RM 1,700

4 & above
RM 1,300
RM 1,700

11 & above
RM 1,200
RM 1,700

Group discount is applicable to participants from same company with same billing address in a single invoice.
CANCELLATION / REPLACEMENT / NO-SHOW PLICY
• All registrations carry a 50% cancellation liability immediately after a completed registration form has been received by ICC Malaysia.
• Cancellation must be in writing to ICC Malaysia. Replacement at no additional cost.
• Deadline for registration & payment: 8/5/2025, Participants who do not turn up at the event are liable for the full fee.
• ICC Malaysia reserves the right to alter, cancel or reschedule the programme. All efforts will be taken to inform participants. If ICC Malaysia decides to cancel/postpone the event, ICC Malaysia shall not be responsible for covering all costs incurred by participants.
To Register, click here to download brochure.

3rd ICC Malaysia Arbitration Day 2025 (Tickets Sold Out)
2025-06-05 08:30 - 17:30 (Asia/Shanghai) | The Auditorium, Level 3, Asian International Arbitration Centre, Bangunan Sulaiman, Jalan Sultan Hishamuddin, 50000, Kuala Lumpur, Malaysia
Registration for tickets is now CLOSED.

Date: 5 June 2025 from 8:30am – 5:30pm.
Venue: Asian International Arbitration Centre, Bangunan Sulaiman, Kuala Lumpur.
Organizers: ICC Malaysia and ICC Dispute Resolution Services.
Hosted by ICC Malaysia, the highly anticipated 3rd Arbitration Day is just around the corner on 5 June 2025! Secure your seat as only few left. This year’s event promises a dynamic lineup of speakers and moderators, offering valuable insights into compelling topics. Don’t miss this opportunity to engage with industry leaders!
Topics:

Third Party Funding – A Game Changer in International Arbitration.
Artificial Intelligence – Reshaping the Playing Field.
Conflict of Interest.
Appointing a Tribunal – Diversity and other considerations.

Early Bird (Registration and payment received on or before 23 May 2025)
RM 280 (promotion has ended)
Normal Registration
RM 400 (Sold Out)

Supply Chain Finance Summit 22-23 October 2025, Singapore
2025-10-22 - 2025-10-23 | Amara Hotel, Singapore
ICC Malaysia is proud to support the ICC Supply Chain Finance Summit 2025!
Brought to you by ICC Academy, join global experts and decision-makers to explore how the Supply Chain Finance ecosystem is transforming amid rising geopolitical tensions, digital disruption, and growing demands for sustainability and transparency.
📍 Amara Hotel, Singapore, 22-23 October 2025

🔗 Join the ICC Academy in Singapore!
➡️ Register now: https://bit.ly/ICCSCFSummit2025
🔹 Early-bird rate is extended to 12Sep and member discounts available for ICC Malaysia members.
🔹 Group offer: Register 3, and the 4th attends free!
Should you have any queries, contact ICC Malaysia Secretariat at 010-2164796 or 016-9302637.

ICC YAAF International Women's Day - 𝗣𝗲𝗿𝘀𝘂𝗮𝘀𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗼𝗼𝗺 𝗮𝗻𝗱 𝗼𝗻 𝘁𝗵𝗲 𝗣𝗮𝗴𝗲
2026-03-13 17:30 - 21:00 (Asia/Shanghai) | The Timber Space, Jalan 26/70a, Desa Sri Hartamas, MY59 - KUALA LUMPUR, MY14 - WILAYAH PERSEKUTUAN, 50480, Malaysia
An upcoming 𝗜𝗖𝗖 𝗬𝗔𝗔𝗙 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗪𝗼𝗺𝗲𝗻’𝘀 𝗗𝗮𝘆 𝟮𝟬𝟮𝟲 program by ICC Arbitration with the support of ICC Malaysia: **𝗣𝗲𝗿𝘀𝘂𝗮𝘀𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗼𝗼𝗺 𝗮𝗻𝗱 𝗼𝗻 𝘁𝗵𝗲 𝗣𝗮𝗴𝗲**
This session will explore practical advocacy in arbitration — from crafting persuasive written submissions to effective oral advocacy during hearings, as well as the professional standards expected throughout proceedings. Present to share their insights are:
• Yang Arif Elaine Yap
• Victoria Loi
• Kevin Prakash
The session will take the form of an intimate, moderated roundtable discussion (led by Poh Ching Siow (Elizabeth) designed to encourage candid dialogue and meaningful engagement among arbitration practitioners and young professionals.
📅 13 March 2026 (5:30pm)
📍 The Timber Space, Kuala Lumpur
👥 Limited to approximately 50 participants (complimentary)

Test Event
2026-03-27 08:00 - 17:00 (Asia/Singapore) | https://iccmalaysia.tth.asia/event/test-event/

4th ICC Malaysia Arbitration Day
2026-07-30
Following the hugely successful ARBITRATION DAY in June last year, ICC Malaysia is having the 4th ICC MALAYSIA ARBITRATION DAY on 30July 2026. Mark your calendar for this ‘not to be missed’ event!

4th ICC Malaysia Arbitration Day 2026
2026-07-30
