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Gary Collyer conducted ISBP and BPO workshops in New Delhi, Chennai and Mumbai, on behalf of ICC India.

20/05/2013 The events were sponsored by Standard Chartered Bank. Each event was attended by between 100 and 150 participants with strong interest in the BPO product. (20th - 24th May).

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Recent News

Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

Latest Question

UCP 600 sub-article 38 (c) states: Unless otherwise agreed at the time of transfer, all charges (such as commissions, fees, costs or expenses) incurred in respect of a transfer must be paid by the first beneficiary. Question: 1. Does the above “all charges” include the transferring bank’s charges AND the second beneficiary bank’s changes? In my opinion, it only implies the transferring bank’s charges. 2. Is a transferring bank responsible for the charges of the second beneficiary bank, OR, is an issuing bank responsible for the charges of the second beneficiary bank, if the transferred credit expires without utilization? In my opinion, the issuing bank is responsible for the charges of the second beneficiary bank. 3. Does UCP 600 sub-article 37 (c) apply to the second beneficiary bank? In my opinion, the second beneficiary bank applies to UCP 600 article 37 (c) but the transferring bank does not. Please confirm.