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Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.

18/06/2013 ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i.e., that the routing in the credit will determine the applicable article of UCP when the wrong or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 ICC Opinion R766 is superceded by paragraph K10 (c) i.e., that an insurance document dated later than the date of shipment but indicating coverage is made on a warehouse-to-warehouse basis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