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Legal Summary of Bulgrains & Co. vs Shinhan Bank

29/04/2015 A legal summary of the above English law case that was heard in 2013 has been added to the Court Decisions section of the Members Trade Information tab. This case contains some important issues relating to the naming of the beneficiary, the description of discrepancies and the construction of a refusal notice.

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Results of ICC Survey regarding a possible revision of UCP and/or update to ISBP 821 12/02/2026

At the end of 2025, the ICC Banking Commission requested feedback from its members as to whether it was time for a revision of UCP 600 and/or an update to ISBP 821...more

Technical Advisory Briefing No. 17 - Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600 09/02/2026

The latest ICC Trade Advisory Briefing can be found in the following link: https://library...more

Latest Question

1. Field 45A of a credit requires "good AAA as per contract no. 12345”. Presented invoice only shows “good AAA, contract no. 12345” instead of "good AAA as per contract no. 12345”, is it acceptable? 2. Field 45A of a credit requires "good AAA, all other details as per contract no. 12345”. Presented invoice only shows “good AAA, contract no. 12345” instead of "good AAA, all other details as per contract no. 12345”, is it acceptable? 3. Field 45A of a credit requires "good AAA, certify goods as per contract no. 12345”. Presented signed invoice only shows “good AAA, contract no. 12345” instead of "good AAA, we certify that the goods as per contract no. 12345”, is it acceptable? 4. Field 45A of a credit requires "good AAA, certify all other details as per contract no. 12345”. Presented signed invoice only shows “good AAA, contract no. 12345” instead of "good AAA, we certify that all other details as per contract no. 12345”, is it acceptable?