Training Programme


Our Training Programme

The Institute of Trade Finance Management and Practice of Nigeria is a non-profit educational and research organization dedicated to a better understanding of Trade Finance Management Practice, law and their relationship to each other. The Institute is undertaking the pioneering efforts of bringing together leaders of the letters of Credit Community from the field of banking, law, business, regulation and academic in forums and educational events to faster and promotes the exchange of ideas especially in the area of Letters of Credit Law.

INTRODUCTION TO INTERNATIONAL ARBITRATION

Code: TF 101
What is the aim of this course?

To provide an understanding of the general principles of International arbitration and a comparison of the main alternative dispute resolution processes - arbitration, mediation and adjudication. The course will give candidates a basic understanding of the principles of good practice and procedure in International arbitration.

Key discussion points:
  • The agreement to arbitrate
  • Applicable laws (essential features, laws and rules
  • The establishment and organization of an arbitration Tribunal
  • Powers, Jurisdictions of an arbitral Tribunal
  • Conduct of the proceedings
  • The award
  • Challenge of arbitral awards
  • Recognition and enforcement of arbitral Awards

Target Audience:

The course is intended for candidates who:

  • Are new to the field of international arbitration and have not had any legal training
  • Wish to learn more about international arbitration and its benefits to users

Duration:

Location: Lagos/Abuja

Course fee: N150, 000.00

BASIC TRADE FINANCE COURSE

Code: TF 102
What is the aim of this course?

To expose participants to the concept of trade finance, terms and guidelines

Key discussion points:
  • Introduction to International Trade.
  • Factors Restricting the promotion of international trade.
  • Evolution of Nigerian Foreign Exchange Markets
    • Establishing Terms between Buyers and Sellers.
    • Basic Risk considerations.
    • Incoterms defined.
  • Nigerian exchange Control Regulations
  • Pre-fem Transactions
  • Mode of payment in International Trade
  • Destination inspection and the bankers liability
  • Standby and Guarantee
  • Introduction To Imports
    • Letter of credit
    • Open Account
    • Bills for collection
  • Documentary collection
    • Process flow and rules
  • Export
    • Procedure
    • Requirements Registration with the Nigerian Export Promotion Council (NEPC)
  • Nigerian Exchange control regulations affecting export.
    • Review of relevant case laws
    • UCP 600
    • URC
    • URDG
    • ISP 98
    • ISBP

Swift
  • Historical background
  • Selective message types- LC fields, MT 700, MT400

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration: 2 days

Location: Lagos/Abuja

Course fee: N50,000.00

Time: 9am

LETTER OF CREDIT COURSE

Code: TF 103
What is the aim of this course?

To expose participants to the steps in the establishment of letters of credit and other modes of payment in International trade.

Key discussion points:
  • Process flow and rules
  • Parties and Terminologies.
  • Payment Terms and Types, Minimum content etc.
  • Financing.
  • Avoiding problems on presentation.
  • Submission of final documents.

Letters of Credit – Standby /Guarantees
  • Overview.
  • Parties, Types.
  • Special conditions, Payments, Risk based rules.

Other Modes of financing in International Trade
  • Open account
  • Cash in advance
  • Bills for Collection

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration/Date:

Location: Lagos/Abuja

Course fee: N150,000.00

Time: 8:30am

BILL OF LADING COURSE

Code: TF 104
What is the aim of this course?

The course is designed to acquaint participants with the basic knowledge of bill of lading, its nature, types and functions.

Key discussion points:
  • Introduction to International sales
  • Shipping terms
  • The performance obligations of sell and Buyer
  • FOB contracts – Nature, loading and delivery etc.,
  • CIF contracts - Nature of CIF transaction, obligation of seller and buyer
  • C&F contracts - Nature and obligation of the seller and buyer.
  • Types Of Bill Of Lading
  • Bill Of Lading And Document Of Title
  • Evidentiary Function Of Bills Of Lading
  • Bill Of Lading As Evidence Of The Contract Of Carriage

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration: One day

Location: Lagos/Abuja

Course fee: N100,000.00

Time: 8:30am

MARITIME LABOUR LAW

Code: TF 105
What is the aim of this course?

At the end of this course, participants should be able to identify ILO Conventions relevant to the employment relationship in the maritime industry, duties and obligations of all parties.

Key discussion points:
  • Status of the captain and the crew
  • Manning and certification
  • International Convention on standards of training, certification and watch keeping for seafarers, 1995
  • International Labour Organization (ILO) Conventions 147, 73, 3
  • Engagement, Discharge, Welfare of Seamen and Repatriation
  • ILO Conventions 55,56,130,22,23,98
  • Discipline
  • Abandonment of Seafarers
  • Ship owner Responsibility for Injury and Death Claims

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, trade unions, labour centers, etc.

Duration: One day

Location: Lagos/Abuja

Course fee: N50,000.00

Time: 8:30am

ADMIRALTY LAW COURSE

Code: TF 106
What is the aim of this course?

The participants should get acquainted with the fundamentals and principles of Admiralty law, processes in the ownership of ships, duties and responsibilities of all stakeholders.

Key discussion points:
  • Admiralty jurisdiction and procedure
  • Acquiring ownership in ships and the ship as property
  • Safety regulations in navigation, liabilities and limitation of liability
  • Assistance at sea and in ports
  • Overview of relevant laws and conventions:
    • Bills of lading Act 1855
    • Carriage of Goods by sea C2 LFN 2004
    • Hague rules – 1924
    • Hamburg rules – 1978
    • Hague - Visby Rules – 1968 -1979
    • Cargo Care/Handling.
    • Dangerous Goods under Hamburg Rules and liability of the carrier

For whom:

Bankers, lawyers, members of the academic community, employees in the maritime sector, exporters and importers etc.

Duration: Two days

Location: Lagos/Abuja

Course fee: N150,000.00

Time: 8:30am

INDUSTRIAL RELATIONS

Code: TF 107
What is the aim of this course?

To maintain and demonstrate understanding of Nigerian industrial relations environment.

Key discussion points:
  • Definition
  • History of industrial relations in Nigeria
  • Parties to industrial relations
  • Trade unions and employers Associations
  • Inter/ intra union conflicts and management
  • Grievance and dispute settlement procedure
  • Collective Bargaining process
  • Roles of IAP and NIC in Industrial Relations

For whom:

Trade Union Leader/ Members, Bankers, lawyers, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration: Two days

Location: Lagos/Abuja

Course fee: N100,000.00

Time: 8:30am

LABOUR LAW

Code: TF 108
What is the aim of this course?

To know & appreciate the existing labour laws in Nigeria

Key discussion points:
  • Sources of Labour law
  • The Nature and content of the contract of employment
  • Statutory terms of employment
  • Rights and obligations of the parties
  • Protection of social groups such as women, children and young persons
  • Termination and remedies for wrongful termination
  • Job security or security of tenure
  • Health safety and welfare at work i.e. the employer’s duty to protect at common laws and statutory protection under the Factories Act
  • Compensation for injuries sustained at work

For whom:

Bankers, lawyers, members of the academic community, employees, exporters, importers, trade unions, labour centers, etc.

Duration: Two days

Location: Lagos/Abuja

Course fee: N100,000.00

Time: 8:30am

PRESENTATION SKILLS

Code: TF 110
What is the aim of this course?

Plan and prepare candidates for any type of presentation

Key discussion points:
  • The concept and nature of communication
  • Business objective of the presentation
  • Planning, developing and editing skills- selecting and ordering the material
  • Delivering the talk: ( standing in front of the audience; overcoming doubt, controlling nerves, getting your points across)
  • Making an impact on the audience (using a clear opening and a memorable close)
  • Proper use of visual aids
  • Beyond making your print- connecting with your audience

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration: Two days

Location: Lagos/Abuja

Course fee: N50,000.00

Time: 9am

THE LAW AND PRACTICE OF DOCUMENTARY LETTERS OF CREDIT

Code: TF 111
What is the aim of this course?

To expose participants to the practice, laws and rules guiding the establishment and management of letters of credit.

Key discussion points:
  • Background
  • Exchange control regulations in Nigeria
  • The uniform customs and sources law
  • The documentary credit clause of the underlying contract
  • Contract between applicants and issuing banks
  • Issuing banks and confirming banks contract with beneficiary
  • Autonomy and the fraud exception
  • The correspondent bank
  • The reimbursing bank
  • The beneficiary’s bank
  • Tender of documents: general principles of documentary compliance
  • Compliance with specific documents
  • Transfer and assignment of the proceeds of letter of credit
  • Independent guarantees: performance bonds, standby credits and similar undertaking
  • The conflict of laws relating to letter of credit
  • Documentary credits and an expert witnesses

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Duration/Date: 4 days

Location: Lagos/Abuja

Course fee: N200,000.00

Time: 8:30am

CRITICAL THINKING: A DEFINITION

Code: TF 112
What is the aim of this course?

To expose participants to analyse things critically

Key discussion points:
  • Critical Thinking: A definition. Critical Thinking: The Result
  • Critical Thinking Competences
  • Critical Thinking Process
  • Affective Components of Critical Thinking
  • The Cognitive Components of Critical Thinking
  • Behavioural Components – the actions necessary for Critical Thinking

For whom:

Bankers, members of the bar and bench, members of the academic community, employees in the maritime sector, exporters and importers, etc.

Methodology: Lectures and Case Studies

Duration: One days

Location: Lagos

Time: 9am

Course fee: N80, 000.00 (This covers Course Materials, Lunch and Tea Break).

CORPORATE STRATEGY

Code: TF 113
Rationale
  • To develop a strange organisational perspective and provide the basis for advancement and application of strategic level skills, competencies, and decision-making capability
  • To promote intellectual development supporting improved management performance within the increasing diversity and complexity of organisations.
  • Particular emphasis will be placed on the role, scope and purpose of strategy in the context of
  • Rapidly changing and increasingly uncertain external environments in the light of increasing globalization
  • The theory and practice of planning in uncertain environment s
  • The impact of culture and stake–holder influence on strategic management direction implementation and organizational change.

The module should provide a common basis for study and progression across a range of Masters Level programmes

What is the aim of this course?

To understand, critically analyse, evaluate and explain:

  • The concept and techniques of strategic management and to develop a corporate/ organizational wide perspective
  • Alternative theories of strategic objectives/intent and operational/ resource planning in terms of successful strategic implementation
  • The impact of organization culture, stake-holder influence, social responsibility and ethical issues on strategy formulation and the strategic decision making process

To be able to:

  • To undertake critical analysis and evaluation of own or case organisation’s strategies and development options
  • Apply strategic thinking and analytical awareness to current or future management role
  • Provide a coherent input to the strategic and business planning process or organisations
  • Develop skills relevant to strategic decision-making, strategy formulation and implementation

Key discussion points:
  • What is strategy /strategy concept / the organizational context
  • Organizational purpose/value
  • Strategic Management/strategic decision making process
  • Strategic planning
  • Strategic analysis
  • External environment /international business issues
  • Internal analysis/ strategic capability
  • Strategic alternative/options
  • Strategic evaluation and selection
  • Organizational culture and management style
  • Strategy implementation & control
  • Operational/resources implications
  • Change management strategy and organizational structure

Duration: Two days

Location: Lagos/Abuja

Course fee: N100,000.00