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Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.

18/06/2013 ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i.e., that the routing in the credit will determine the applicable article of UCP when the wrong or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 ICC Opinion R766 is superceded by paragraph K10 (c) i.e., that an insurance document dated later than the date of shipment but indicating coverage is made on a warehouse-to-warehouse basis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


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Recent News

Letters of Credit Are Not Disappearing; They Are Evolving! 24/09/2026

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Lloyds, SocGen turn to eUCP for digital letters of credit 18/09/2026

Société Générale and Lloyds have completed a fully digital trade transaction between the UK and France, using Enigio’s technology, in what the French lender describes as a first-of-its-kind deal...more

Latest Question

ISBP 821 PRELIMINARY CONSIDERATIONS paragraph (viii) states: A request to insert the credit number on a document is usually at the instigation of the issuing bank in order to facilitate the collation of documents should one or more documents become detached from the presentation. Provided all the stipulated documents are received by the issuing bank, the absence of a credit number or the mistyping of that number on a document does not constitute a reason for refusal. The exception to this position is where it is a requirement of the importing country that the credit number be stated on one or more documents. In such circumstances, the credit must clearly indicate that this is the reason for the number to be shown on that or those documents. Question: In my opinion, where the credit ONLY calls for “All documents must show the credit number”, which is at the instigation of the issuing bank in order to facilitate the collation of documents, the above texts apply. When the credit stipulates the following clauses, which is not at the instigation of the issuing bank in order to facilitate the collation of documents, the above texts do not apply: 1. “All documents must show the issuing bank’s name, credit number and issuance date”; 2. “All documents must show the credit number and issuance date” 3. “All documents must show the credit number except the cert of analysis”; 4. “The cert of analysis must not show the credit number except other documents”; 5. “The cert of analysis must show the credit number”; 6. “All documents must not show the credit number”; 7. “All documents must show the credit number at the request of the applicant”; 8. “All documents must show the credit number for the reason: XXXXXX”. Please confirm.