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Bank Payment Obligation (BPO) using electronic documents

28/04/2015 To date, BPO transactions have been completed based on the submission of data extracted from paper documents.

On 17 April, essDOCS announced the successful conclusion of the first BPO transaction involving the completely electronic submission of data. For details Click Here

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Recent News

26/11/2024

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

Latest Question

Could you please advise for the case where a charter party bill of lading is to be signed by the charterer (indicating its capacity as charterer and their name) for and on behalf of the named Master? I have read your case posted as below and it is NO for the case of for and on behalf of the Owner but not the Master. ASKED Can a charter party bill of lading be signed by the charterer (indicating its capacity as charterer and name) on behalf of the owner? ANSWERED By definition, a charterer is the person or entity that charters a vessel from the owner (or the owner's agent). There would not normally be a relationship between the two, as would exist between the owner and its agent. Article 22 does not provide for signing in the manner described.