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Supplement to the Autumn & Winter 2018 Newsletter added to the members information section

21/10/2018 Following on from the content of Autumn & Winter 2018 Newsletter, this supplement looks at the changes that are planned for the MT707 when released next month. It also provides an update on the content of the new MT708 message that will be made available as form of continuation message, if needed.

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Achieving inclusive AI - a paper issued by ICC 08/07/2025

With AI becoming more and more involved with trade finance, the ICC has issued the following paper...more

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

Latest Question

Please explains three terms “14 days free demurrage at the port of discharge”, “14 days free detention at the port of discharge”, “14 days free time at the port of discharge”. 1. Credit requires the bill of lading to mention “14 days free demurrage at the port of discharge” OR “14 days free detention at the port of discharge”. The bill of lading states “14 days free time at the port of discharge”, is it acceptable? 2. Credit requires the bill of lading to mention “14 days free time at the port of discharge”. The bill of lading states “14 days free demurrage at the port of discharge” OR “14 days free detention at the port of discharge”, is it acceptable? 3. Credit requires the bill of lading to mention “14 days free time at the port of discharge”. The bill of lading states “14 days free demurrage and detention at the port of discharge” OR “14 days free demurrage /detention at the port of discharge”, is it acceptable?