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Spring & Summer 2016 Newsletter now available

17/05/2016 Members can find the latest newsletter in the Members Trade Information tab of the website. The newsletter contains an overview of the Opinions that were approved at the ICC Banking Commission meeting held in Johannesburg in April.

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Recent News

Letters of Credit Are Not Disappearing; They Are Evolving! 24/09/2026

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Lloyds, SocGen turn to eUCP for digital letters of credit 18/09/2026

Société Générale and Lloyds have completed a fully digital trade transaction between the UK and France, using Enigio’s technology, in what the French lender describes as a first-of-its-kind deal...more

Latest Question

Incoterms in LC are CIP Phuntsholing Bhutan as per incoterms 2020 Invoice has segregated cost as below Ex works - Amount USD 100 Freight - Amount USD 20 Insurance Amount - USD 10 TOTAL - CIP Amount USD 130 Will addition of freight and insurance to ex-works lead to CIP amount or it should have been FCA instead of EXW to reach CIP amount?