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ICC announces adoption of new DOCDEX rules

11/11/2014 At the ICC Banking Commission meeting held in Istanbul on 5 and 6 November, the national committees of the ICC unanimously agreed to the final draft of the revision of the DOCDEX rules. The scope of the DOCDEX rules has now been widened to transactions that are not subject to ICC rules. Gary Collyer was one of the members of the Drafting Group. The ICC will now start the process of creating a new list of experts who will be charged to review the cases submitted for a decision.

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Credit field 45A stipulates: Good AAA and parts, 10 units, USD1,000.00/unit, total USD10,000.00 Presented invoice shows: Good AAA and parts, 10 units, USD1,000.00/unit, total USD10,000.00 Presented certificate of inspection and certificate of origin only show “Good AAA” (omitted “parts”), is it acceptable? Why?

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ICC announces adoption of new DOCDEX rules

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