Corporate Clients

Why choose Collyer Consulting Global Ltd?

Gary Collyer has over 35 years of experience in handling trade finance transactions, including documentary credits, guarantees and collections. His role as Technical Adviser, and Senior Technical Adviser, to the International Chamber of Commerce (ICC) Banking Commission has made him a focal point for the receipt of all up-to-date information and changes in industry practices. In addition, he was the chair of the Drafting Group responsible for the drafting of UCP 600 and can provide the "inside track" on how the rules should be used and applied by banks and companies alike. He was chair of the Drafting Groups for the development of the URBPO (rules for Bank Payment Obligations) and the revision of ISBP (publication 745), that were both approved in April 2013. More recently, he was co-chair of the Drafting Groups for the revision of eUCP and the development of eURC. Both eUCP version 2.0 and eURC version 1.0 were implemented on 1 July 2019. He is currently an adviser to the Drafting Group for the development of the Uniform Rules for Digital Trade (URDT).

Gary remains at the forefront of what is happening on the trade finance world through his role with the ICC.


Training can be completed remotely or on-site and tailored to the specific needs of the requesting institution. The sessions can vary from a half day to one day or more, depending on individual requirements. A full back up service is provided once the training is finished, for any final questions that arise once the training is concluded. Webinars can also be developed on a general or bespoke basis.


Simple intuitive guides to walk your staff through a transaction from start to finish. What to look for? What to do if there is a problem? How to prepare documents for presentation under a documentary credit? What should I know in the UCP?

Regular updates on documentary credit, collection, guarantee and other trade finance products.


General consultancy services tailored to your needs and requirements including, but not limited to, expert witness documentation in the event of actual or planned legal action under a specific transaction(s).

A facility allowing direct access for up to 10 individuals of your institution (more, if need be, can be catered for) to have direct email access in the event of issues that require an immediate response or assistance for further handling of a transaction. 90% of questions responded to within 24 hours, the remainder within 48/72 hours.

Documentary Credit review:

One of the most important aspects of handling documentary credits is the review of the credit itself (and any subsequent amendments) to highlight any anomalies or areas where there may be possible contention or opportunity for differing interpretation. We can provide a full service to review a scanned version of each documentary credit (and any subsequent amendments). We will send a simple report back to you indicating issues such as non-documentary conditions that may be ignored; conditions for which special or particular wording will be required to appear on your documents; and areas where the wording or conditions may benefit from an amendment.

A review can also be made against any contract or proforma invoice upon which the documentary credit has been (or will be) established.

Examination of documents:

The global rate for discrepant documents on first presentations is currently quoted to be in excess of 60%. Whilst the vast majority of these transactions are ultimately accepted and paid, there are still losses for companies in terms of additional man hours spent resolving the problems; costs in obtaining replacement or corrected documents to resolve the discrepancies; additional bank fees in respect of discrepancy charges; and loss of interest due to delay in receiving payment. We can provide a service whereby we will provide a full review of those documents prior to presentation to the bank. Some discrepancies may not be capable of being corrected i.e., shipment effected after the latest shipment date etc. but we can, through our review, help alleviate the discrepancies that are in your control. Examination of documents will be subject to a satisfactory review of your requirements and the completion of a signed agreement between the Company and Collyer Consulting Global Ltd.

Our fees for these services are as follows:

Documentary credit review (including up to 2 amendments) and report - £100.00 with additional amendments charged at £10.00

Document examination service - GBP500 per set of documents. Special rates can be considered for companies with large volumes i.e., 5+ presentations per month.

Pricing for other services will vary upon the degree and type of service(s) requested. Further details can be obtained by contacting us at one of the methods shown on the contacts page. 

Recent News

ICC release Incoterms 2020 11/09/2019

On 10 September, the ICC officially released the new version of Incoterms (to be known as Incoterms 2020)...more

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

Latest Question

I refer to UCP 600 sub-article 7 (c) which indicates that "An issuing bank undertakes to reimburse a nominated bank that honoured or negotiated a complying presentaation ….." My interpretation of this article is the following: If a nominated bank honours or negotiates a complying presentation and duly forwards the documents to the issuing bank, the issuing bank takes the firm commitment to pay the nominated bank even if the seller-beneficiary of the L/C has previously issued an assignment of proceeds in favour of a third party and that this assignment of proceeds has been accepted by the issuing bank and notified to the third party. I would say that in such a situation, the nominated bank has no need to request any assignment of proceeds as there is a direct firm commitment from the issuing bank to pay them. 1) Do you agree with me ? 2) If the beneficiary of the L/C has issued an assignment of proceeds in favour of a third party, and this assignment has been accepted by the issuing bank, will the issuing bank pay this third party whereas it has already paid the nominated bank? (normally according to sib-article 7 (c) "the issuing bank undertaking to reimburse the nominated bank is independent of the issuing bank undertaking to the beneficiary". Let me have your advice. 3) If we consider the same situation, but we suppose that the bank which negotiates or honours a complying presentation is not a nominated bank, then there is no direct undertaking to pay that bank, which means that the bank has every interest to obtain an assignment of proceeds from the beneficiary of the L/C otherwise if an assigment of proceeds has been made by the beneficiary of the L/C in favour of somebody else, the negotiating bank will not be paid by the issuing bank. Do you agree with me?