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ICC release updated Opinions process and terms of reference

28/01/2015 The ICC has released an updated document detailing the process to be followed in respect of requesting an ICC Opinion. Details can be found in the following link Opinion Handling Procedure and TORs .pdf

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A usance credit includes the following condition: "All discrepancies in documents are acceptable". If a sight presentation is made by the presenting bank under the credit, will the issuing bank be obliged to honour on a sight basis? In my opinion, it is YES. Please confirm.

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ICC release updated Opinions process and terms of reference

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