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Back to Basics – Bank Guarantees – URDG 758
18/05/2022
June 1978: URCG (Uniform Rules for Contract Guarantees), ICC Publication No...
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ICC Banking Commission Final Opinions April 2022
25/04/2022
TA...
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Back to Basics – Bank Guarantees
21/04/2022
In principle, guarantees can be issued by any one of a number of entities...
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Back to Basics – ISBP 745 Key Principles
13/04/2022
UCP 600 article 14, as indicated by its title, provides some basic rules in respect of the examination of documents...
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Back to Basics – Documentary Credits UCP 600
30/03/2022
The Uniform Customs and Practice (UCP) for Documentary Credits were introduced by the International Chamber of Commerce (ICC) in 1933 with UCP 82, in order to alleviate the disparity between national rules on documentary credit practice...
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Back to Basics – Documentary Collections – Considerations and Risks
23/03/2022
Requires a certain trust in the importer i...
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Back to Basics – Documentary Collections – Responsibilities
16/03/2022
Remitting Bank
Ensure workable and concise instructions have been received from the exporter...
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Back to Basics – Documentary Collections – URC 522
02/03/2022
The Uniform Rules for Collections (URC) were originally introduced in January 1979, under ICC Publication No...
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Back to Basics – Documentary Collection Types
23/02/2022
A collection can be defined as - "The delivery of a draft, promissory note or cheque and/or documents by a bank to a third party (i...
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Back to Basics – Documentary Credit – Document Preparation
16/02/2022
A beneficiary may issue any document except where:
(a) the rules state otherwise;
(b) the documentary credit specifies the name of another issuer; or
(c) the documentary credit refers to the type of issuer as an independent, competent, qualified or local company, etc...