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Recent News

Summer 2025 Newsletter added to Members Trade Information section 08/08/2025

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

Latest Question

ISBP 821 paragraph E6 (c) (i) states: indicates a place of receipt different from the port of loading, for example, place of receipt Amsterdam and port of loading Rotterdam, and there is an indication of a means of pre-carriage …… 1. How to understand “means of pre-carriage”? In my opinion, indication of “means of pre-carriage” would be indication of “by vessel” or vessel name, “by truck” or truck license plate number, “by rail” or rail car number, “by airplane” or air flight number. But indication of “by sea”, “by land”, “by air” only is an indication of “modes of transport” rather than indication of “means of transport”, so ISBP 821 paragraph E6 (c) does not apply. Please confirm. 2. Two examples a) A letter of credit is opened with the following conditions: Port of loading: Shanghai port, China Port of discharge: Singapore port The presented bill of lading shows: Pre-carriage: By SEA Ocean vessel: M/V Star Place of receipt: Shanghai port Port of loading: Shanghai port Port of discharge: Singapore port And bears a dated on board notation. In this case, is the on board notation to additionally state the name of the vessel and port of loading? b) A letter of credit is opened with the following conditions: Port of loading: Shanghai port, China Port of discharge: Singapore port The presented bill of lading shows: Pre-carriage: By SEA Ocean vessel: M/V Star Place of receipt: Ningbo port Port of loading: Shanghai port Port of discharge: Singapore port And bears a dated on board notation. In this case, is the on board notation to additionally state the name of the vessel and port of loading?