Trade Fraud Prevention

Discover the art of identifying fraudsters by learning some language which they often use in their
correspondence and master the art of defending yourself against the trap of frauds

Highlights

• Defining Fraud
• Why is Documentary Credits Fraud so popular?
• The “Fraud Exception Rule”
• What is interlocutory injunction and what standard of proof should be given
  to the Court to obtain such injunction so as to prevent the Issuing Bank
  from paying under their letters of credit?
• Who is holder in due course?
• Who is holder in value?
• Who is holder without value?
• Does the Fraud Exception Rule apply to them?
• How to Avoid Frauds?
• How to minimize the risks of fraud.
• The Fraud Exception – Legal analysis of English Law approach.
• How should an Issuing bank, confirming bank, negotiating bank and presenting bank act for
  its best interest when frauds are uncovered?
• How should an Applicant, Beneficiary or Other Party act for its best interest after frauds
  have surfaced?
• Do you know which article of UCP 600 fraudsters, or sellers in financial crisis use to get
  payment from the banks, producing fraudulent but compliant documents against inferior goods,
  rubbish goods or no goods at all?
• Know how banks take precaution for you when they open letters of credit on your behalf.
• How do banks mitigate the fraud risks after having opened the letters of credit?
• Some famous legal cases including Solo Industries and Rostagi Bros