News

News by Month

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Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.

18/06/2013 ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i.e., that the routing in the credit will determine the applicable article of UCP when the wrong or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 ICC Opinion R766 is superceded by paragraph K10 (c) i.e., that an insurance document dated later than the date of shipment but indicating coverage is made on a warehouse-to-warehouse basis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.

Back to recent news

Latest Question

A credit required a beneficiary certificae to certify that copy documents were sent to the applicant by email id xxx@gmail.com within 5 working days after shipment. The beneficiary certificate states WE CERTIFY DOCUMENTS WERE TO APPLICANT ON EMAIL ID XXX@GMAIL.COM WITHIN 5 WORKING DAYS AFTER SHIPMENT. It is missing the word SENT or forwarded. Is the certificate complying? Kindly advise

News

News by Month

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Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.

Recent News

Automated Document Examination and Financial Crime Risks managed by AI 28/02/2024

Winter 2023-2024 Newsletter added to the Members Trade Information section 01/02/2024

Latest Question