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June 2013

Following the approval of the International Standard Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.
18/06/2013
ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i...

Recent News

Wilbert Ward Trade Finance Excellence Award for 2026 10/11/2026

At the ICC Banking Commission in London on 9 November, I was honoured to receive the inaugural Wilbert Ward Trade Finance Excellence Award for 2026...more

Letters of Credit Are Not Disappearing; They Are Evolving! 24/09/2026

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Latest Question

The credit requires the insurance cover to be irrespective of percentage. Presented insurance document shows the words “Including risk of shortage in weight of in excess of 0.3% on the whole consignment”. Is it acceptable? Why?