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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. It also provides some information aboit surveys the ICC are releasing requesting feedback on possible UCP and ISBP revisions. The latest list of planned Trade Advisory Briefing papers is also included.

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Spurious Emails 24/11/2025

There appears to be some spam messages circulating apparently from an email address no-reply@collyerconsulting...more

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

Latest Question

We issued a LC. Field 45A:"Phosphorus Oxychloride. Incoterms 2020 CIF any port in country Y". Field 44E: any port in country Y. Field 44F: any port in country X. Commercial invoice shows the exact description and claims the full LC amount. Underneath the goods description, there are three more items as drum, bubbler etc. and they are described as "non-commercial value, return after use" between brackets for each which have quantity and unit price. But the values of those three items are not added to the total invoice amount. Additionally, port of loading on bill of lading is ABC port, country X. Invoice states "CIF DEF port in country Y, bubblers need to return, CIF ZZZ port, country X." We call it a discrepancy that commercial invoice shows goods not described in the LC. Q1. Is it correct? Q2. Is there any other discrepancy related to the Incoterms?