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February 2013

Deadline for ICC national committees to submit their comments
01/02/2013
The deadline for ICC national committees to submit their comments to Draft 3 of the URBPO (Uniform Rules for Bank Payment Obligations) and Draft 5 of the ISBP (International Standard Banking Practice) is 4 February...

Recent News

Is your automatic extension (evergreen) clause as specific as it should be? 21/04/2026

Case: Starr Indemnity & Liability Co...more

ICC release guidelines on the Application of ICC trade finance rules in the context of the Middle East conflict 17/04/2026

Please find HERE the link to the paper just released by the ICC Global Banking Commission: ...more

Latest Question

LC under field 46A requires: 2. ORIGINAL CLEAN AIRWAY BILL ISSUED AND SIGNED BY THE CARRIER OR THEIR AGENT INDICATING ON BEHALF OF THE CARRIER BEARING CREDIT REFERENCE NUMBER EVIDENCING AIRFREIGHT OF GOODS CONSIGNED TO THE ISSUING BANK, MARKED FREIGHT PREPAID SHOWING ACTUAL FLIGHT NUMBER AND DATE AND NOTIFY THE APPLICANT AND THE ISSUING BANK. Under additional conditions: 7. HOUSE/FORWARDER'S AIRWAY BILL IS ACCEPTABLE ONLY IF COPY OF MASTER AIRWAY BILL MUST ACCOMPANY WITH SHIPPING DOCUMENTS. Air waybill has been presented showing signed by ABC HK Ltd on behalf of carrier Emirates. The air waybill has been signed in accordance with sub-article 23 (a). However, issuing bank refused the documents by quoting discrepancy 'House Air Waybill presented'. Appreciate your view if discrepancy quoted by issuing bank is valid.