Corporate Clients

Why choose Collyer Consulting Global Ltd?

Gary Collyer has over 40 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 Transactions (URDTT).

Gary remains at the forefront of what is happening on the trade finance world.


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.

Annual consultancy contracts are not as expensive as you may think! 

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 offer 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.


Pricing 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. 

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Latest Question

Our bank, on behalf of the beneficiary, and acting in the capacity of presenting bank, remitted documents drawn under a documentary credit to the counters of the confirming bank (said documentary remittance being subject to UCP 600). The confirming bank refused the documents citing discrepancies. Their advice of refusal stated the disposal documents to be HOLD. We reverted, instructing them to remit the documents to the issuing bank, subject to UCP 600. The confirming bank acknowledged receipt of our instructions, sending us a FIN MT799, reproduced below. Quote BILL AMT : USD XXX THE ITEM DESCRIBED HEREIN IS FOR YOUR ACCOUNT. PLEASE TAKE NOTE OF OUR INSTRUCTIONS BELOW APPLICANT: A BENEFICIARY: B WE ACKNOWLEDGE RECEIPT OF THE ABOVE-MENTIONED PRESENTATION. AS PER YOUR INSTRUCTIONS WE HAVE FORWARDED THE DOCUMENTS TO THE ISSUING BANK. AFTER RECEIPT OF FURTHER INSTRUCTIONS FROM THE ISSUING BANK, THE MATTER OF SETTLEMENT WILL RECEIVE OUR FURTHER CONSIDERATION. WE USE GREAT CARE IN SELECTING OUR FOREIGN CORRESPONDENTS AND PREFER TO PUT OUR FOREIGN COLLECTIONS THROUGH THEM. IN THE EVENT YOU DESIGNATE A CORRESPONDENT OTHER THAN THE ONE OF OUR OWN SELECTION, WE SHALL FOLLOW YOUR INSTRUCTIONS UPON THE EXPLICIT UNDERSTANDING THAT YOU ASSUME AND CONFIRM ALL THE ACTS OF SUCH CORRESPONDENT OF YOUR OWN CHOOSING AND AGREE TO HOLD US HARMLESS FROM ALL CONSEQUENCES THEREOF. EXCEPT AS OTHERWISE PROVIDED HEREIN, THIS DOCUMENTARY REMITTANCE IS SUBJECT TO THE ICC'S UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (VERSION IN FORCE ON THE DATE OF ISSUANCE OF THIS L/C). Unquote My understanding is that the documents have been remitted by the confirming bank direct to the issuing bank, as opposed to using an intermediary (collecting bank/agent). Is that correct? It may be the case that the confirming bank is trying to tell us that they will route the proceeds / payment to us by using the services of foreign correspondent banks and so the message acts as a type of legal disclaimer i.e., that they are not liable or responsible for any failures or omissions on the part of these correspondent banks. Is my interpretation correct? Is this message for informational purposes only or do we need to take any action / reply to safeguard the interests of our bank and our client (L/C beneficiary)? Please note that in our remittance letter we provided them with settlement instructions / USD nostro correspondent bank details. I trust in the event the issuing bank elects to honour the presentation the confirming bank will arrange for net proceeds to be credited to the nostro account we maintain with our USD correspondent. Please let me know if you believe I have in any way misunderstood or misinterpreted their message. If I have misunderstood, please could you outline for me what the confirming bank is trying to tell us. This is the first time I have come across something like this and I am wondering if it is usual nowadays for certain foreign banks to issue messages with such wording.