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Members section of the website updated
04/10/2019
The Member Trade Information, Bank Client Information and Corporate Information sections have all been refined and updated. If you have any ideas for content that may be of interest, please let us know.
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Please find HERE the link to the paper just released by the ICC Global Banking Commission: ...
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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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