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ICC Releases Technical Advsory Briefing No. 6

13/03/2023 The latest ICC Briefing paper (No. 6 on the subject of ICC Guidance Papers) has been made available by the ICC. The paper, as well as papers 1-5, can be viewed in the following link:

https://library.iccwbo.org/tfb/tfb-briefings.htm

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Recent News

Summer 2025 Newsletter added to Members Trade Information section 08/08/2025

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

Latest Question

1. Please explain the terms FREE IN (FI) and FREE OUT (FO). 2. Please explain the term THC (terminal handling charge). Is it a cost additional to freight? 3. The credit calls for a bill of lading to be marked freight prepaid, and the port of discharge is actually an inland city. Presented bill of lading shows the place of destination as this inland city, but indicated “ocean freight prepaid” rather than “freight prepaid”. In my opinion, it is not acceptable. Please confirm.