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ICC Release two new Trade Advisory Briefing Papers

06/08/2026 Briefing Paper No. 15 (Force Majeure) and No. 16 (Third Party Documents) have now been released by the ICC. Details can be found in the links below.

Briefing 15 (Force Majeure).pdf

Briefing 16 (Third Party Documents).pdf

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ICC Release two new Trade Advisory Briefing Papers 06/08/2026

Briefing Paper No...more

Nominations for ICC Taskforce on Guarantees 06/08/2026

Nominations are open for membership of the Taskforce on Guarantees, which serves as the ICC Banking Commission’s expert body on demand guarantees and related ICC rules and instruments, including URDG 758 and associated guidance...more

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UCP 600 article 3 states: A credit is irrevocable even if there is no indication to that effect. Question: how to issue revocable credit through MT700? (please note field 40A)