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First European multi-bank BPO

06/06/2014 BP Petrochemicals has completed the first European centric Bank Payment Obligation subject to the URBPO rules. A short press release can be found in the following link: http://www.gtreview.com/trade-finance/global-trade-review-news/2014/May/BP-agrees-first-European-multi-bank-BPO_11677.shtml

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ICC Release two new Trade Advisory Briefing Papers 06/08/2026

Briefing Paper No...more

Nominations for ICC Taskforce on Guarantees 06/08/2026

Nominations are open for membership of the Taskforce on Guarantees, which serves as the ICC Banking Commission’s expert body on demand guarantees and related ICC rules and instruments, including URDG 758 and associated guidance...more

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Some persons think that ANY shipping company certificate must indicate the vessel name or bill of lading number, no matter if the credit has stipulated or not. Otherwise, presented certificate does not fulfil its function. Please give your commentary.