ICC Bankng Commission approves URBPO and ISBP

17/04/2013 At the ICC Banking Commission meeting held in Lisbon, both the URBPO (Uniform Rules for Bank Payment Obligation) and the ISBP (International Standard Banking Practice for the Examination of Documents under UCP 600) were resoundly approved. The URBPO were approved with no country voting against adoption. Only one country voted against the adoption of the ISBP. Over the coming weeks various articles will be added to the site covering the BPO and ISBP.

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