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Latest Articles

  • 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...
  • Simple Documentary Credit format
    17/03/2020
    In response to numerous requests from trade practitioners, the ICC recently released a Guidance Paper which includes recommendations for a simple documentary credit format...
  • Sanctions - an update
    12/03/2020
    In one of our earliest blogs, we made reference to the ICC Guidance Paper on the use of Sanctions Clauses, published in an updated version in 2014...
  • Uniform Rules for Digital Trade Transactions (URDTT) Draft 2
    09/03/2020
    In a recent blog, we made reference to a 2nd draft of the rules being distributed to ICC National Committees...
  • Overview of ICC Banking Commission meeting April 2020
    05/03/2020
    The next Banking Commission Annual meeting will be held in Dubai on 20-23 April 2020...