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Registration for April 2021 CDCS examination is now open

25/09/2020 If you are interested, or keen, to take the CDCS examination, registration for the examination which is to be held on 16 or 17 April 2021 (date depends on your location) is now open. Registration will close on 31 January 2021.

Please note that additional training materials for the CDCS examination are available through our on-line training website - www.tradefinance.training

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ICC Trade Advisory Briefing list updated 28/08/2025

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TradeSpeed - the Automated Document Examination platform of choice 22/08/2025

I have mentioned previously that I have been acting as an advisor/consultant to a company called Complidata who are based out of Belgium...more

Latest Question

When the remitting bank’s charges are to be borne by the drawee, as per URC 522 article 4 (b) (viii) “charges to be collected, indicating whether they may be waived or not”, the remitting bank must indicate such information on the collection instruction and indicate whether they may be waived or not. When the remitting bank’s charges are to be borne by the principal, the collection instruction would not show their charges. When the collecting bank’s charges are to be borne by the principal, as per URC 522 sub-article 21 (c) “In all cases where in the express terms of a collection instruction or under these Rules, disbursements and/or expenses and/or collection charges are to be borne by the principal, the collecting bank(s) shall be entitled to recover promptly……”, the remitting bank should indicate such information on the collection instruction Question: When the collecting bank’s charges are to be borne by the drawee, must the collection instruction indicate such information? In other words, if not, i.e., the collection instruction is silent with regard to the collecting bank’s charges, the collecting bank may collect their charges from the principal and deduct their charges from the payment. Is it reasonable?