December 5 2010, Sharjah, UAE: United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB's previous workshop in Dubai, the workshop took place again this year at the Fairmont Bab Al Bahr Hotel in Abu Dhabi targeting the Bank's Abu Dhabi and Al Ain based customers.
The workshop was conducted by Vincent O'Brien who is a long standing member of the ICC Banking Commission and is the ICC Representative to the WTO Expert Group on the Financial Crisis. Vincent was recently appointed as Chair of the ICC's Market Intelligence Working Group.
Trade Finance Workshop Participants
The workshop mainly tackled Incoterms (International Commercial Terms) 2010 Rules that will apply globally from January 2011. The Rules set out sellers and buyers obligations under the International Contract of Sale. UAB organized this timely workshop one month in advance of the Rules to support its customers in their International Trade business.
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