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April 2017

Spring & Summer 2017 Newsletter added to the Members Trade Information section
11/04/2017
The latest newsletter has been added to the 'Newsletters / Articles / External Publications' section of the Members Trade Information page...

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

The LC stipulates the following terms: Partial shipment not allowed Quantity of goods: 25,000 - 30,000 Unit price : USD10.00 LC amount : USD300,000.00 Both LC amount and quantity of goods 10% less and more acceptable. We have received documents from the customer indicating: Quantity of goods: 22,621 Draft amount USD226,210.00 In light of the above, we seek your confirmation on the following: 1. Will the LC amount be adjusted proportionately in accordance with the actual shipping quantity? 2. Does this constitute a discrepancy due to "LC amount short drawn"