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The Association of Banks in Singapore (ABS) is jointly organising this seminar with the United Nations Commission on International Trade Law (UNCITRAL) and the Attorney-General’s Chambers of Singapore (AGC), and invites your participation.

Seminar Objective

The Seminar seeks to introduce the participants to important international developments in respect of electronic transferable records (electronic versions of transferable documents or instruments such as bills of lading, bills of exchange, promissory notes and warehouse receipts).

  The goal of “electronisation” of transferable documents or instruments is to enable electronic transferable records to be used and enforced in the same way as paper transferable documents or instruments, thereby enabling industry and business to enjoy the advantages of using the electronic form of such instruments.

UNCITRAL is developing a draft Model Law on Electronic Transferable Records. Cross-border use of electronic transferable records will be facilitated and promoted when the Model Law is completed and enacted by various jurisdictions in a harmonised manner.  Work on the draft Model Law is expected to be completed in mid-2016, after which it may be considered for adoption and implementation by various jurisdictions in the world, including Singapore.

The Seminar will introduce participants to the provisions of the draft UNCITRAL Model Law, and its requirements that must be satisfied in order for an electronic transferable record to be a functional equivalent of a paper-based transferable document or instrument.  The Seminar will also feature speakers from Japan, Republic of Korea, China and USA who will share on the laws and practical experiences of their jurisdictions relating to the use of electronic transferable records.  Additionally, providers of electronic transferable record systems will be invited to provide industry perspectives.

Who Should Attend

*         Senior personnel and legal advisers from banks, shipping companies (carriers), logistics firms and businesses involved in cross-border trade (traders)

*         Senior personnel from companies involved in trade financing, receivables financing

*         Legal practitioners, general counsel and legal officers

*         Senior personnel from providers of IT solutions supporting electronic transferable records

*         Policy makers and regulators

*         Academics

Why You Should Attend

*         To understand how the draft UNCITRAL Model Law, when enacted in various jurisdictions, will enable the use of electronic transferable records.

*         To understand the potential for use of electronic transferable records in your industry sector by hearing from experiences in other countries that have used electronic transferable records.

*         To provide feedback, for UNCITRAL’s consideration, on the provisions of the draft UNCITRAL Model Law from your industry perspective.

CPD Accreditation by Singapore Institute of Legal Education (For Lawyers Only)

*         Number of Public CPD Points for eligible participants: “To be confirmed”.

*         Practice Area:  Others (Corporate / Commercial, Shipping, Banking and Finance, Electronic Commerce).

*         Training Level:  General.

*         Attendance Policy

Participants who wish to claim CPD points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines.  This includes signing-in on arrival and signing-out at the conclusion of the activity in the manner required by the organiser, and not being absent from the entire activity for more than 15 minutes.  Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity.  Please refer to http://www.sileCPDcentre.org.sg for more information.

AAS Number

Please email your AAS Number to Hannah at banks@abs.org.sg  upon registration.

Registration Fee

ABS Members : S$395.90 per person (S$370 + 7% GST)

Non-ABS Members : S$417.30 per person (S$390 + 7% GST)

Note 1: The registration fee includes GST, three tea breaks with a lunch only on Day 1, and seminar materials.


Please logon to www.abs.org.sg/em/register.php (registration password: AGC310)

Registration Deadline: Wednesday, 24 February 2016

Note: For non-ABS members, please click on the button “Complete payment via eNETS” to key-in your payment details.  Registration will only be confirmed upon payment.

Cancellation/Substitution Policy

There will be no refunds for cancellations made after the registration deadline.  However, substitutions are permitted without additional costs. Please inform ABS in writing at least five working days before the Seminar.

For further enquiries, please contact Vivian, ABS at 62244300.