About Us

From November 1996 until 30 June 2013, Gary Collyer was Technical Adviser, and then Senior Technical Adviser, to the Banking Commission of the International Chamber of Commerce (ICC), where he was instrumental in drafting hundreds of opinions related to ICC rules. In his ICC role, Gary has been chair of the ICC Working Group for the development of the ISP98, the strategy for a revision of UCP500 and a member of the ICC Working Groups for the development/revision of URR525, URC522, e-UCP and ISBP. He was also chair of the Working Group for the revision of UCP500 and updating of the ISBP and eUCP for use with UCP 600. More recently, he was the chair of the Drafting Group for the revision of ISBP Publication 681 (now Publication 745), chair for the development of ICC rules in respect of the Bank Payment Obligation (BPO) (ICC Publication 750) and co-chair for the revision eUCP and the drafting of eURC. Since 2015, he has acted as Editor for all ICC Opinions that are issued by the ICC Banking Commission and the editing of three ICC Opinion publications.
Gary is the editor of numerous ICC opinion/DOCDEX publications. He is a regular speaker at ICC and other external seminar events on a global basis.
On April 1, 2006 Collyer Consulting LLP (Collyer Consulting Global Ltd with effect from 1 September 2013) was created with the sole aim of providing banks, importers, exporters and logistics companies with high quality, reasonably priced, consultancy services ranging from the traditional consultancy role through to development of training material, review of transaction and legal documentation, and the provision of consistent, accurate and up-to-date information relating to existing offerings, and new initiatives and developments in international trade.
From 2002-2006, Gary was Corporate Director and Global Head of Traditional Trade Services, Trade Finance and Product Delivery for the Transaction Banking Group at ABN AMRO Bank N.V. Based in London, he was responsible for the development of the trade service and trade finance products including the tailored design and implementation of solutions on a global basis. He also had global responsibility for the continued development and delivery, from a product management perspective, of the underlying policies, documentation and procedures for traditional trade services solutions (i.e., Letters of Credit, Collections, Guarantees, etc.) and trade finance.
Prior to joining ABN AMRO, Gary was Vice President and Senior Technical Adviser at Citibank, London from August 1998 until May 2002. Gary started his banking career in 1973 with Midland Bank plc in London (which subsequently was acquired by HSBC), progressing to Manager of the Letter of Credit Department and Senior Technical Adviser.

Recent News

BAFT release guidance paper relating to the use of automatic extension clauses 27/06/2019

BAFT (Bankers Association for Finance and Trade) has released a guidance paper relating to the use of auto-extension clauses in standby letters of credit and demand guarantees...more

eUCP Version 2.0 and eURC Version 1.0 available for download 25/06/2019

The ICC has now made available the above supplements to UCP and URC...more

Latest Question

1/ LC terms include: Field 44A - place of taking charge: Vietnam Field 44E - port of loading: Hai Phong, Vietnam Field 44F - port of discharge: Vancouver,BC, Canada Field 44B - place of final destination: Edmonton, AB, Canada Field 44C - latest shipment date 190815 Field 46A - Documents Required: 1 full set original multimodal transport document consigned to order of xxx company marked notify applicant, marked freight prepaid 2/ Document presented  Bill of lading: received by the carrier  Place of receipt: Ho Chi Minh City Port of loading: Vung Tau, Vietnam Port of discharge: Vancouver, BC, Canada Final place of delivery: Edmonton, AB, Canada Shipped on board: 20 August 2019  Place and date of issue: Ho Chi Minh City 15 August 2019 Issuing bank raised discrepancy: Late shipment (20 Aug 2019 i/o latest shipment date: 15 Aug 2019)  Please help us to clarify if this discrepancy is valid?  Can the negotiating bank argue based on the grounds: the bill of lading applied ISBP 745 paragraph D6, i.e., the date of issuance of the bill of lading is deemed to be the date of receipt, dispatch, taking in charge or shipment on board and the date of shipment (i.e., 15 August 2019) The separate, dated, notation in the bill of lading just shows the shipped on board date of the goods at the port of loading and not the date of taking in charge the good at the place of receipt.  If the bill of lading shows:  Shipped on board as 20 Aug 2019 on vessel xxx at port of loading, is this late shipment?  If bill of lading shows:  Goods taking in charge in Ho Chi Minh City on 15 Aug 2019 and there is not any separate notation of goods shipped on board on the vessel xxx is this bill of lading valid?