ISP Master – Online Training in ISP98 and Standby Letters of Credit

The IIBLP, in cooperation with Coastline Solutions has developed a new online training course in the ISP98.

The course, named “ISP Master”, contains over 12 hours of online training and instruction in ISP98, the rules governing the operation of standby LCs/independent undertakings. It is designed to ensure proficiency in this area of trade finance work.

The course content has been written by Professor James Byrne of the Institute (IIBLP) in conjunction with Gary Collyer, Technical Adviser to the ICC Banking Commission.

The technical development of the course has been carried out by Coastline Solutions. Coastline Solutions is the world’s leading provider of online training solutions in the area of International Trade Finance and is a technology partner of the International Chamber of Commerce (ICC).

Trainees using ISP Master qualify for 12 PDUs towards recertification for CDCS (Certified Documentary Credit Specialist).

Course Content

The training is divided into 4 Modules:

Essentials Module

This module examines the use of assurances in commercial arrangements, the function of dependent and independent undertakings, the roles of the parties to standby credits and the key terms and conditions that are used in standby letters of credit.

Rules Module

This module provides an article-by-article analysis of the ISP98 rules and also examines the comparable provisions of UCP 600.

Areas covered:
- Scope of the rules                    - Transfer and assignment
- Obligations of the parties          - Cancellation of a standby
- Presentation                            - Reimbursement obligations
- Examination                            - Expiry
- Disposal of documents             - Syndication/participation

Case Studies Module

This module covers key aspects of standby letter of credit work, including: applying for a standby credit; reviewing the terms and conditions of a standby credit for workability; examining a presentation of documents from the perspective of a nominated bank and issuing bank; and issuing a refusal notice.

Assessment Module

This module provides a comprehensive assessment for trainees to test their knowledge of standby credit practice and ISP98.

What are the key benefits of ISP Master?

Quality. The course content has been written by Professor James Byrne of the Institute of International Banking Law & Practice in conjunction with Gary Collyer, Technical Adviser to the ICC Banking Commission. ISP Master is approved by the International Chamber of Commerce.

Consistency
As ISP Master is delivered online all trainees receive the same training. All of your trainees are trained to a consistent standard regardless of their physical location.

On completion of the course assessment each student receives an ICC Certificate indicating their personal results.

Convenience
The Coastline Solutions administration console allows you manage the training of all of your staff as and when you wish. You allocate licences to your trainees when needed and they follow the training course at their own pace on any computer with Internet Access. Whether you run a global trade operation or a local office, Coastline Solutions administration console means it is very easy (and quick) for you to get your staff up and running with the training and you have the ability to keep track of their progress and results.

Value for money
With prices starting at EUR 300 per trainee – and discounts for volume orders – ISP Master is a very cost effective way to train your staff.

Each trainee receives access to ISP Master for one year for training and reference purposes.

Using ISP Master means no incidental training costs, such as travel, accommodation, scheduling, printed materials, venue, time off work, etc.

Discounts are offered for multiple orders as follows:

1 to 10 trainees - 300 Euros per trainee

11 to 50 trainees - 250 Euros per trainee

Over 50 trainees - 200 Euros per trainee

Don't take our word for it – Try it for yourself

To avail of a 2-week free evaluation of ISP Master, simply click here and provide us with some brief administrative details. You will then receive a personal username and password with which to access the service.

Further Information

For further information on any of our services please contact us at info@iiblp.org

If you would like to be put on our mailing list to receive further information on our offerings, simply provide us with your e-mail address and we will add you to our mailing list.

Ready to buy?

To purchase this training course please click here