News

ICC issues supplement to the Commentary on eUCP Version 2.0 and eURC Version 1.0.

18/11/2019

The eUCP 2.0 and eURC 1.0 came into force on 1 July 2019, and an article-by-article analysis has been made available. Pursuant to feedback received at the October 2019 Banking Commission meeting in Paris, further handling guidance is also provided in respect of the utilisation of the eRules.

Here is the document Supplement to eUCP and eURC article analysis


Back to recent news

Recent News

ICC issues 'Trade Financing and COVID-19’ paper 22/05/2020

In a new paper issued on 20 May 2020, the ICC is estimating that as much as US$5 trillion in market capacity will be needed to return trade volumes close to 2019 levels in 2021...more

ICC issues addendum to the 2014 Guidance Paper on the use of Sanction clauses in trade finance-related instruments subject to ICC rules 08/05/2020

The ICC has noted a resurgence in the use of sanctions clauses in documentary credits and in demand guarantees, particularly in the form of non-specific clauses that create uncertainty...more