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Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.
18/06/2013ICC Opinion R751 is
superceded by the content of paragraphs D1 (c) and E1 (a) i.e., that the
routing in the credit will determine the applicable article of UCP when
the wrong or inappropriate transport document is indicated. ICC Opinion
R766 is superceded by paragraph K10 (c) i.e., that an insurance
document dated later than the date of shipment but indicating coverage
is made on a warehouse-to-warehouse basis will not be evidence that
insurance was effective as of the date of shipment.
Results of ICC Survey regarding a possible revision of UCP and/or update to ISBP 821 12/02/2026
At the end of 2025, the ICC Banking Commission requested feedback from its members as to whether it was time for a revision of UCP 600 and/or an update to ISBP 821...more
Technical Advisory Briefing No. 17 - Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600 09/02/2026
The latest ICC Trade Advisory Briefing can be found in the following link:
https://library...more
