ICCN holds maiden international trade finance forum

THE two-day maiden edition of International Chamber of Commerce Nigeria (ICCN) International Trade Finance forum with the theme: “Rethinking Trade” begins today, at Alausa, Ikeja, Lagos.

The two-day is expected to attract leading trade finance experts in providing a comprehensive review of the ICC Rules.
Speakers at the event include Chairman, ICCN Banking Commission, Chief Raymond Ihyembe; Vice Chairman, ICCN Banking Commission, Dr. Omolara
Akanji; Director, Trade & Exchange Central Bank, Olakanmi Gbadamosi; among others.

A statement by the Secretary General, ICCN, Mrs. Olubunmi Osuntuyi, said the forum will take a detailed look at proven methods of generating discrepancy-free trade transactions, under Documentary Letters of Credit based on the UCP 600 rules and International Standard Banking Practice, (ISBP), International Standby Practice (ISP98) and Uniform Rules for Demand Guarantee (URDG 758).

It is a well known fact that, trade is the lifeblood of the world economy and it is vital to the global economic recovery. International trade contributes to prosperity and is a powerful force for peace.

Bringing down barriers to international trade and investment and increasing cross-border trade and investment flows can make a significant contribution to meeting the need for jobs and growth in all parts of the world.
“In today’s economy, the transformation of trade through global value chains is bringing far-reaching change to companies and economies worldwide,” it added.

Professionals involved in international trade and finance, Exporter and Importers, Bankers, Regulators, Policy Makers, Government Officials, Traders, Lawyers, Risk Managers, Transporters, Shippers, Freight Forwarders, Customs, Port Operators, Credit Analyst, Insurers, Academics, trading consultants, Attorneys, In-House Counsel, Supply Chain/Logistics Officials and all who deal with letters of credit transactions and Bank Guarantees would be in attendance.