Articles by Month
ICC Opinions April 2018
A credit was issued
available with the nominated bank whilst also stating that the issuing bank
would remit proceeds upon receipt of credit conforming documents...
Big Data – benefits for Trade Finance
Some of the below has been extracted from an article written by David
Meynell for the Deutsche Bank flow
What is FinTech?
It seems hardly
possible these days to read an article about Trade Finance without references
Spare Parts – ICC Opinion TA860
goods description was "Commodity: Steering Gear Poseidon 900-35"...
Contract Number – ICC Opinion TA853rev
credit required that all documents show the contract number and date...
Photocopy Documents – ICC Opinion TA843rev
A bank reported that a
number of refusal notices had been issued citing a photocopy of a document had
been presented instead of an original...
Further thoughts on a UCP revision
We have often
commented on this key subject...
Developing e-compliance in ICC rules – BPO
In a recent blog, we
provided an update on the activity of the ICC e-compatibility sub-working group...
Language of Documents
A documentary credit
included the condition: "ALL DOCUMENTS MUST BE PRESENTED IN ENGLISH, IF
ANY DOCUMENT PRESENTED IS NOT IN ENGLISH WE SHALL FORWARD THE PRESENTATION TO
ISSUING BANK ON APPROVAL BASIS...
Conflict of Documents – ICC Opinion R728 (TA685rev)
The question raised was whether a
Health Certificate was required to contain the grade of the goods (as mentioned
in the goods description in the credit) and whether the absence of this data on
that document would create a conflict with the data shown on other documents
(which included reference to the grade)...