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• Strict Compliance: ICC Issues Paper & Legal Perspective 2/3

  24/04/2019
  Further to our previous blog, we will now turn to the legal perspective and the interpretation of strict compliance in the courts...

• Strict Compliance: ICC Issues Paper & ICC Rules & Opinions 1/3

  23/04/2019
  In 2016, the ICC Banking Commission published a paper on the subject of Strict Compliance...

• New approved ICC Opinions April 2019

  17/04/2019
  Five Opinions were approved during the ICC Banking Commission meeting in Beijing, China, in April 2019...

• ICC Uniform Rules for Digital Trade: progress to date

  15/04/2019
  As we have noted previously, work has commenced on the drafting of a new set of ICC rules,the Uniform Rules for Digital Trade (URDT)...

• ICC eRules approval

  12/04/2019
  As mentioned previously, the final drafts of eUCP Version 2...

• Double Confirmation

  10/04/2019
  Whilst not a common practice, addition of a double confirmation on instruction of the issuing bank, does occur and was addressed in ICC Opinion R792 (TA...

• A Guide to Pre-Advised Credits

  09/04/2019
  Introduction Nowadays, very few credits are pre-advised...

• A Guide to Charter Party Bills of Lading and a UCP issue

  04/04/2019
  Charter Party Bills of Lading (CPBL's) are bills of lading that are issued subject to the terms and conditions of a charter party...

• A Guide to Negotiation: why does this still cause problems?

  01/04/2019
  Although not evident in all markets, it is clear that some confusion surrounds the concept of negotiation...

• Status update: ICC Uniform Rules for Digital Trade

  27/03/2019
  In a recent blog, we highlighted that approval had been received from the ICC Banking Commission Executive Committee to proceed with the drafting of a new set of rules that will be agnostic in nature with regard to the technology that will be used to facilitate the widespread digitalisation of trade finance...