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Recent News

Is your automatic extension (evergreen) clause as specific as it should be? 21/04/2026

Case: Starr Indemnity & Liability Co...more

ICC release guidelines on the Application of ICC trade finance rules in the context of the Middle East conflict 17/04/2026

Please find HERE the link to the paper just released by the ICC Global Banking Commission: ...more

Latest Question

Under a transferable credit the first beneficiary is allowed to substitute only invoice and draft. However, if certificate of origin presented by second beneficiary shows some details of the supplier which should not be revealed to the master LC applicant, can the first beneficiary substitute their own certificate of origin? If allowed is there any risk to the transferring bank?