The International Chamber of Commerce and the European Bank for Reconstruction and Development are launching the second phase of their pioneering e-Learning programme, which is aimed at helping issuing banks involved in the EBRD’s Trade Facilitation Programme meet best international practice in trade finance.
Since the launch of Phase I in May 2010, more than 200 trade specialists from 70 banks across eastern Europe and central Asia have taken part in the e-Learning programme. Beginner and advanced courses have so far covered key trade issues including collections (URC 522), commercial letters of credit (UCP 600) and standbys (ISP98).
“Training and capacity-building initiatives designed to help our clients achieve their business goals are a crucial part of the EBRD’s Trade Facilitation Programme,” said Kamola Makhmudova, operation leader of the e-Learning programme. “The number of participants, the high standard of academic achievement and the positive student feedback greatly exceeded our expectations. We were also pleased that so many of the students came from senior levels of management.”
The success of the initiative has prompted an expansion of the programme. Phase II, which includes training in the recently revised ICC trade rules for demand guarantees (URDG 758 and Incoterms ®), goes live on 19 September 2011.
The e-Learning programme, which is funded by the EBRD Shareholder Special Fund, now covers all of the ICC traditional trade products and Incoterms rules that are a key feature of international commercial contracts involving the shipment of goods.
“Promotion of the correct application of ICC trade rules is a core objective of the ICC Banking Commission, so we are delighted that the e-Learning programme has proved such a successful addition to the EBRD Trade Facilitation Programme,” said Thierry Senechal, ICC Policy Manager and Secretary of the ICC Banking Commission.