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ISP98 rules not to be revised

14/12/2015 As reported at the Institute of International Banking Law & Practice (IIBLP) Standby & Guarantee Forum, the ISP98 rules will not be revised, but efforts are underway to revise the ISP98 Official Commentary.

The IIBLP also reported that the Council on the International Standby Practices will also be issuing official interpretations of questions regarding ISP practice.

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Recent News

ICC release Technical Advisory Briefing No. 10 - Amendments 14/08/2024

This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...more

Summer 2024 Newsletter added to the Members Trade Information section 17/07/2024

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

Latest Question

Please give an example applying to “When a credit requires an inland waterway transport document, paragraphs J8 (a) and (b) will apply” under ISBP 821 paragraph J8 (c).