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ICC releases guidance document on force majeure clauses that appear in commercial contracts

17/04/2020 Given the many disruptions to corporate business operations in light of COVID-19, and resulting questions on Force Majeure clauses in commercial contracts, the ICC released the following guidance document: https://iccwbo.org/publication/general-considerations-force-majeure-clauses-in-commercial-contracts/

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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

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The document set presented under the L/C shows the following: The packing List indicates 10 containers. For each container, the net weight (NW) is stated as 19,800 kgs/container, while the gross weight (GW) is stated as 19,100 kgs/container (that is, the GW of each container is less than the NW). However, the total NW is shown as 198.00 metric tons, and the total GW is shown as 199.1 metric tons (in two places). The commodity is Linear Alkyl Benzene. In addition, the bill of lading contains a column that is not clearly identified as NW, GW, or any other category, but it does list each container with a corresponding figure of 19,910 kgs/container. Furthermore, on the upper right-hand side of the bill of lading, under the “Weight” column, it states 199,100.00 kgs (that is, it also does not clearly specify whether this refers to NW or GW, but only states “Weight”). Our questions are whether the issuing bank can refuse to pay with the following discrepancies: 1. The gross weight of each container stated in the packing list is inconsistent with that shown on the bill of lading. 2. The gross weight of each container stated in the packing list is lower than the net weight of each container, which is unreasonable.