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ICC - IFS Certificate for Specialists in Demand Guarantees (CSDG)

14/01/2014 The ICC and IFS have announced the development of the above certification programme for guarantees specialists. Registrations for the June 2014 examination are now open until 31 March 2014. Further details can be found at the following link: http://institute.ifslearning.ac.uk/Qualifications/QualificationsinTradeFinanceDocCredits/CSDG.aspx

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Letters of Credit Are Not Disappearing; They Are Evolving! 24/09/2026

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Lloyds, SocGen turn to eUCP for digital letters of credit 18/09/2026

Société Générale and Lloyds have completed a fully digital trade transaction between the UK and France, using Enigio’s technology, in what the French lender describes as a first-of-its-kind deal...more

Latest Question

An issuing bank issued a letter of credit that omitted the country of origin. The advising bank subsequently requested clarification from the issuing bank. In response, the issuing bank transmitted an MT799 message stating: "Please read country of origin as UAE under field 45A." This SWIFT notification was duly forwarded to the beneficiary. The beneficiary has now presented documents. However, the commercial invoice omits the country of origin within the goods description section. Given that the country of origin was received via MT799 in response to the advising bank's clarification, does the omission of this information on the commercial invoice constitute a valid discrepancy?