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August 2017

UN endorses ICC Uniform Rules for Forfaiting (URF 800)
23/08/2017
At its 50th plenary session held in Vienna on 14 July, the United Nations Commission on International Trade Law (UNCITRAL) officially endorsed the ICC publication 800 "Uniform Rules for Forfaiting" (URF 800)...

Recent News

Autumn 2025 Newsletter added to the Members Trade Information section 31/10/2025

This newsletter covers the 6 opinions that were approved by the ICC Banking Commission on 21 October...more

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

Latest Question

A letter of credit contains the following condition ‘’Insurance policy indicating Institute Cargo Clause A plus Institute war, strike, riots and çivil commtion clauses’’. And there is also a special conditon such as "There must be no exclusions in the insurance document with respect to the risks to be covered as per l/c terms." The presented insurance policy shows an indication "Five Powers war clause" (This indication is stated within the body of the document, not in the general terms of the insurance). Would it be considered as a discrepancy?