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ICC release the final drafts for the ISBP revision and the BPO rules.
06/03/2013
These items will be voted upon at the ICC Banking Commission meeting in Lisbon on 16/17 April.
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Recent News
Is your automatic extension (evergreen) clause as specific as it should be?
21/04/2026
Case: Starr Indemnity & Liability Co...
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ICC release guidelines on the Application of ICC trade finance rules in the context of the Middle East conflict
17/04/2026
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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