Blog

Latest Articles

  • Further Digitalisation ramblings
    16/09/2020
    Recent developments of note include:   The Marco Polo network completed an open account trade finance trial with 70 organizations using its blockchain platform...
  • Draft Opinions Cyprus October 2020 (virtual)
    02/09/2020
    Five queries have been received for discussion at the next ICC Banking Commission meeting which will be held virtually in October 2020...
  • More DOCDEX Decisions
    05/08/2020
    DOCDEX 356 Under a collection subject to URC 522, documents were sent to a collecting bank by a remitting bank, with the instructions to release documents to the drawee against payment in local currency, but for the collecting bank to undertake to pay in foreign currency after receiving approval from the local authority...
  • Re-addressing integration of ISBP 745 and UCP 600
    29/07/2020
    We have focused on this in the past but have noted recent references to such a possibility in social media and trade articles...
  • IncotermsĀ® 2020 - update
    22/07/2020
    Way back in 2016, we mentioned that a new update was in progress with implementation scheduled for 2020...
  • Overview of recent DOCDEX Decisions
    16/07/2020
    DOCDEX 352 A documentary credit was issued subject to UCP 600 and URR 725...
  • Sanctions Update
    07/07/2020
    Earlier this year, we mentioned that the ICC Banking Commission was re-addressing the ICC Guidance Paper on the use of Sanctions Clauses, published in an updated version in 2014...
  • ICC Interpretative paper on UCP 600 Article 35
    30/06/2020
    On 6 April 2020, the ICC Banking Commission released the "Guidance paper on the impact of COVID-19 on trade finance transactions subject to ICC rules"...
  • Uniform Rules for Digital Trade Transactions (URDTT) Draft 3
    23/06/2020
    As previously highlighted, a 2nd draft of the rules was distributed to ICC National Committees in early February 2020, with a request for responses by early April 2020...
  • Approved ICC Opinions Dubai April 2020
    09/06/2020
    Six queries were received for discussion at the ICC Banking Commission meeting that was scheduled to be held in Dubai, in April 2020...