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ICC Trade Advisory Briefing list updated
28/08/2025
The list of ICC Trade Advisory Briefing notes has been updated with numbers 13 and 14. These can be found in the member information section under ICC Banking Commission Documents > Trade Advisory Briefing Notes
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Latest Question
Under a transferable credit the first beneficiary is allowed to substitute only invoice and draft. If the first beneficiary only substitutes its own drafts for those of the second beneficiary but does not substitute its own invoices, after the issuing bank receives the documents, how to describe the discrepancy? A. The second beneficiary invoices presented I/O the first beneficiary invoices. B. The beneficiary invoices not presented. C. Presented invoices not issued by the beneficiary and not made out to the applicant.
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