“Documentary Credits in Today’s Challenging Environment by Gary Collyer” Sponsored by QNB and Ahli Bank QSC
The International Chamber of Commerce Qatar (ICC Qatar) proudly announced the organisation of its first banking workshop titled “Documentary Credits in Today’s Challenging Environment by Gary Collyer”, on 23rd and 24th of May 2016 at the Grand Hyatt Hotel in Doha.
The two-day event, organised under the patronage of HE Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber and ICC Qatar, sponsored by QNB as strategic sponsor, and Ahli Bank QSC as gold sponsor, will be delivered by Gary Collyer, a well-known expert in Trade Finance.
H.E. Sheikh Khalifa said: “International trade is constantly evolving and the framework of rules must keep track, adjusting to changing conditions and meeting new requirements. Our ICC Qatar Banking Commission is currently working close to the ICC International Secretariat to overhaul the rules in a number of different fields, such as international standard banking practice, and we felt it was important to bring to Doha a workshop to share the best practice in this domain.”
“Trade Finance is no longer a simple process of document examination and handling, and it is paramount for banks and trade finance operators to keep up with the fast evolution of this subject” he concluded.
The workshop will look back at the past 12-18 months to highlight the issues, actions and decisions that have occurred in that time, and will examine best practices that should be adopted when issuing, advising, confirming, amending, presenting and examining documents, as well as honouring or refusing documents.
For his part Mr. Ahmed Al Sheeb, Chairman ICC Qatar banking commission, said that QNB is committed to sponsoring important events of this nature, which showcase best international practice and contribute positively to the development of the economy. The topics chosen for discussions are all in line with the requirements to assist in the realization of the Qatar National Vision 2030, which aligns with QNB Group’s vision that aims at building a knowledge based society”.
The Event is IFS approved and Professional Development Unit (PDU) certificates will be awarded.
The event is supported by Qatar Chamber, and the official media partners are The Peninsula, The Entrepreneur Middle East and The Edge Magazine.
ICC Qatar works to connect local businesses to the world – and the world to the businesses of Qatar. As part of the world largest business organisation, ICC Qatar advances the interests of the Qatar business community in trade, investment, industrial and international relations.
From November 1996 until June 2013, Gary Collyer was the Senior Technical Adviser to the International Chamber of Commerce, where he was primarily responsible for providing numerous opinions related to the application and interpretation of ICC rules. In his ICC role, Gary has been chair of the ICC Working Group for the development of the ISP98, the strategy for a revision of UCP500 and a member of the ICC Working Groups for the development and subsequent revision of URR525 and e-UCP. More recently, he was chair of the Working Groups for the drafting of UCP 600, ISBP 681 and 745, and URBPO.
Editor of seven ICC opinion and DOCDEX publications, he is also an editorial board member of Documentary Credit World. The editor of the 3rd edition CDCS syllabus (2007), contributing editor of the 4th edition (2013) and editor of the 5th edition (2015), and editor of the International Trade Finance publication (9th edition) (2007). He has also produced eleven volumes of frequently asked questions under UCP 600. He is a regular lead speaker at ICC and other external seminar events on a global basis. Gary also holds the title of ‘Visiting Professor’ with the ifs.
On April 1, 2006 Collyer Consulting LLP was created with the sole aim of providing banks and corporates with consultancy services ranging from a traditional consultancy role through to development of training material, review of legal documentation and the provision of consistent, accurate and up to date information relating to existing offerings, new initiatives and developments in international trade. The company name changed in September 2013 to Collyer Consulting Global Ltd.
Until October 31, 2006 Gary was Corporate Director and Global Head of Traditional Trade Services, Trade Finance and Product Delivery for the Transaction Banking Group at ABN AMRO Bank N.V. Based in London, he was responsible for the development of the trade service and trade finance products including the tailored design and implementation of solutions on a global basis. In addition, he had global responsibility for the continued development and delivery from a product management perspective including the underlying policies, documentation and procedures for traditional trade services solutions (i.e., Letters of Credit, Collections, Guarantees etc.) and trade finance.
Prior to joining ABN AMRO, Gary was vice president and senior technical adviser at Citibank N.A., London from August 1998 until May 2002. Gary started his banking career in 1973 with Midland Bank plc in London (which subsequently was acquired by HSBC), progressing to manager of the Letter of Credit Department and senior technical adviser.
