In view of the Institute of Banking Studies objective to widen the scope of cooperation and coordination with the Arab financial and banking institutes and institutions, the Institute approved the request of the Libyan Institute of Banking and Financial Studies to benefit from the experience and abilities of the Institute of Banking Studies in Jordan in the field of training through organizing training courses for the cadres of the Libyan banking sector at the Institute’s premises. Accordingly, the Institute of Banking Studies concluded at its premises in Amman a course on “The New Uniform Customs and Practices for Documentary Credits (UCP 600) and the International Standard Banking Practices (ISBP 681)”, which was held during 18/4-29/4/2010 for (50) training hours and attended by (19) employees from different Libyan banks .  The course aimed at deepening the participants’ knowledge in the uniform customs and practices for documentary credits and international trade, and at providing them with the proper skills in implementing the documentary credits and determining the obligations and liabilities of banks, in addition to the mechanizms for applying the 2007 international uniform customs and practices for documentary credits (UCP 600) and standard trade terms for traders incoterms 2000 ICC publication no. 560 and how they are related to the 2007 International Standard Banking Practices (ISBP 681). At the end of the course, the Institute expressed its thanks and gratitude to the course lecturer, Mr. Muhammad Abu Laban, who didn’t spare any effort to convey his academic and practical experience to the participants using the latest training methods and applications, and the Institute expressed also its thanks to the participants for their active and distinguished participation during the course, who in their turn appreciated the Institute’s efforts for the high level of organization and realized benefits, and the role of the Libyan Institute for providing them with this opportunity to visit Jordan and benefit from our Institute.

Moreover, the Institute will implement during this year a number of training courses at its premises in Amman in cooperation with the Libyan Institute in the framework of its efforts to strengthen the ties of joint cooperation with the Arab institutes in order to contribute to the development of banking and financial cadres in the Arab countries.