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February 2018

ICC releases 2017 ICC Trade Register Report
08/02/2018
The ICC state that the 2017 report, based on 2008-2016 data, draws on information from 22 member banks to present a global view of the credit risk profiles of trade and export finance transactions...

Recent News

Collyer Consulting Trade Finance Masterclass to return to Dubai in 2026 18/09/2025

The widely acclaimed MasterClass event (a two-day event) will return to Dubai in 2026...more

ICC Trade Advisory Briefing list updated 28/08/2025

The list of ICC Trade Advisory Briefing notes has been updated with numbers 13 and 14...more

Latest Question

Both the Master LC and Baby LC bill of lading clause reads as : Full set bill of lading made out to order AND endorsed to order of ABC Bank. Middleman : Party M ( Applicant of Baby LC & Beneficiary in Master LC). Bill of lading presented under Baby LC indicates: Shipper : XYZ Co. Ltd Consignee: To Order Endorsement : BLANK This was picked up as a discrepancy. Questions: 1. Based on above bill of lading condition, is the requirement that Shipper XYZ Co. Ltd should be the party endorsing the bill of lading to order of ABC Bank due to the word "AND"? 2. Since the bill of lading is blank endorsed and hence also not meeting the Master LC condition, can Party M insert the wording "To the Order of ABC Bank" unaccompanied by a company stamp and without the authorization from shipper XYZ Co. Ltd, since it is a bearer document? 3. Or, can Party M further endorse the bill of lading "To order of ABC Bank" by signing and stamping with company chop? Will this comply with bill of lading condition in Master LC?