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UN endorses ICC Uniform Rules for Forfaiting (URF 800)

23/08/2017 At its 50th plenary session held in Vienna on 14 July, the United Nations Commission on International Trade Law (UNCITRAL) officially endorsed the ICC publication 800 "Uniform Rules for Forfaiting" (URF 800).

See here for the ICC web story UN endorses ICC Uniform Rules for Forfaiting .pdf

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Technical Advisory Briefing No. 17 - Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600 09/02/2026

The latest ICC Trade Advisory Briefing can be found in the following link: https://library...more

Winter 2026 Newsletter added to the Members Trade Information section 09/02/2026

This newsletter covers the 1 opinion that was approved by the ICC Banking Commission on 27 January It also provides the text of the Trade Advisory Briefing number 17 covering the handling of letters of credit that require or allow for the presentation of 'surrender[ed]' bills of lading...more

Latest Question

We have received the below MT740 Authorisation to Reimburse from the issuing bank which is having an expiry date in field 31D (Date of Expiry) as 28 Feb 2026. Please confirm if we (reimbursing bank) receive a claim on 10 April 2026 then should we honour the same or seek an amendment to the MT740? ------------------------------------------------------------------ :20: Documentary Credit Number 0115FLC260001 :40F: Applicable Rules URR LATEST VERSION :31D: Date of Expiry 28-02-2026 :31D: Place of Expiry CHINA :31D: Negotiating Bank ANY BANK IN CHINA :32B: Credit Amount 32425 :32B: Credit Currency Code USD :41D: Available With ... By ... ANY BANK IN CHINA BY NEGOTIATION :42C: Drafts at... 120 DAYS FROM DATE OF SHIPMENT :42A: Drawee AXISINBB115 :71A: Reimbursing Bank'S CHARGES CLM

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