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Recent News

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

In field 46A, LC requires full set of bill of lading marked freight prepaid. In field 47A it has a clause CHARTER PARTY BILL OF LADING MARKED FREIGHT PAYABLE AS PER CHARTER PARTY IS ACCEPTABLE. In such a case if a charter party bill of lading is presented should it be marked freight payable as per charter party or freight prepaid? Since freight prepaid requirement was for ocean bill of lading will freight prepaid notation on charter party bill of lading make it discrepant? Kindly advise