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• 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...

• ISBP 745 – time for free access?

  26/05/2020
  We have touched on this subject in the past but make no apologies for reprising the issue again, i...

• ICC Digital Roadmap

  11/05/2020
  ICC launched version 1...

• International Standard Demand Guarantees Practice (ISDGP) update

  28/04/2020
  First mentioned in the URDG Newsletter dated 1 July 2012, edited by Georges Affaki: "Task Force members are often asked whether the ICC Banking Commission will compile and release in the form of a booklet the "international standard demand guarantee practice" referred to in URDG 758 article 2...

• ICC issues recommendations to reform global trade

  16/04/2020
  The ICC recommendations ‘Reforming the Multilateral Rules-Based Trading System: The outcomes we want for people and planet,' provide an outcomes-based approach to reforming international trade with the overriding objective of making trade work for people and planet...

• Sherlock Holmes

  02/04/2020
  Moving at a tangent to our normal postings, it is with great interest that we recently discovered a connection between the famous fictional detective Sherlock Holmes and Letters of Credit...

• International Standard Banking Practice (ISBP 745) Guidance Paper

  25/03/2020
  The ICC recently published a Guidance memo on Opinions and their potential impact on ISBP 745 and UCP 600...