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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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Recent News

Letters of Credit Are Not Disappearing; They Are Evolving! 24/09/2026

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Lloyds, SocGen turn to eUCP for digital letters of credit 18/09/2026

Société Générale and Lloyds have completed a fully digital trade transaction between the UK and France, using Enigio’s technology, in what the French lender describes as a first-of-its-kind deal...more

Latest Question

On 15 Sep 2026 we sent to issuing bank documents, in availment of a LC, on approval basis as LC was expired. On 21 Sep 2026 Issuing bank sent us an MT734 for discrepancies. On 24 Sep 2026 they sent us an MT756 confirming payment amount and due date (16 Nov 2026). On 25 Sep 2026 issuing bank sent us the payment (by MT202) quoting in field 72: 'early payment for due date of 16 Nov 2026'. Consider that field 41D states 'any bank in Italy by deferred payment'. The question is if we can credit funds to our customer (beneficiary) before maturity date without risk to be asked funds back from issuing bank.