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ICC Banking Commission issues its annual review for 2013
26/03/2014
The ICC Banking Commission annual review for 2013 can be downloaded at
www.iccwbo.org/Data/Documents/Banking/General-PDFs/ICC-BC-Annual-Review-2013/
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ICC release guidelines on the Application of ICC trade finance rules in the context of the Middle East conflict
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Please find HERE the link to the paper just released by the ICC Global Banking Commission: ...
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Latest Question
Under a transferable credit the first beneficiary is allowed to substitute only invoice and draft. If the first beneficiary only substitutes its own drafts for those of the second beneficiary but does not substitute its own invoices, after the issuing bank receives the documents, how to describe the discrepancy? A. The second beneficiary invoices presented I/O the first beneficiary invoices. B. The beneficiary invoices not presented. C. Presented invoices not issued by the beneficiary and not made out to the applicant.
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