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TXF release Commodity Finance Report for 2015

15/04/2016

TXF magazine has issued its annual Commodity Finance Report. Its contents can be found in the following:

TXF Commodity Finance Report 2015 .pdf 


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ICC Release two new Trade Advisory Briefing Papers 06/08/2026

Briefing Paper No...more

Nominations for ICC Taskforce on Guarantees 06/08/2026

Nominations are open for membership of the Taskforce on Guarantees, which serves as the ICC Banking Commission’s expert body on demand guarantees and related ICC rules and instruments, including URDG 758 and associated guidance...more

Latest Question

Let’s take the case of a seller and a buyer which agree that the sale of the merchandise should be covered with an electronic L/C using the trade.XXX-bank.platform . In such a situation, and In order to facilitate the task of the seller concerning the handling of the electronic L/C, the seller could send a proforma invoice to the buyer containing among other terms the following basic instructions to be mentioned in the L/C: - this L/C is subject to eUCP latest version (this mention is in any case compulsory) - Electronic presentation shall be effected through ….https://trade.XXX-bank.platform/……. (this mention is also compulsory) - Each document, except B/L, may be presented either as a paper document or as an electronic record in format acceptable by the issuing and the nominated bank (this clause will give to the seller more flexibility to present the documents to the bank) - Scanned copy of ….carrier’s certificate….. in a pdf format acceptable (this clause can be inserted for any document indicated in the L/C which the seller is not certain to get in an electronic record, but he knows that he can get it in a paper form and on top of that he would like to be in a position the present it through the platform in a pdf format) Kindly tell me whether you understand these clauses ? Are these clauses correctly drafted? Could you suggest any other clause to be added in order to facilitate the task of the seller for the handling of the electronic L/C?