Articles by Month
eUCP Version 2.0 changes
In advance of our more detailed blogs, which we will be providing over the coming weeks on the content of each and every article of eUCP and eURC, below are highlights of the changes from eUCP version 1...
ICC eRules: eUCP Version 2.0 & eURC Version 1.0
On 6 June 2017, the ICC Banking Commission launched a Digitalisation Working Group to anticipate and accompany the digitalisation of trade finance...
Strict Compliance: ICC Issues Paper & Expert Perspective 3/3
In our final blog on this subject, we will examine the expert perspective...
Strict Compliance: ICC Issues Paper & Legal Perspective 2/3
Further to our previous blog, we will now turn to the legal perspective and the interpretation of strict compliance in the courts...
Strict Compliance: ICC Issues Paper & ICC Rules & Opinions 1/3
In 2016, the ICC Banking Commission published a paper on the subject of Strict Compliance...
New approved ICC Opinions April 2019
Five Opinions were approved during the ICC Banking Commission meeting in Beijing, China, in April 2019...
ICC Uniform Rules for Digital Trade: progress to date
As we have noted previously, work has commenced on the drafting of a new set of ICC rules,the Uniform Rules for Digital Trade (URDT)...
ICC eRules approval
As mentioned previously, the final drafts of eUCP Version 2...
Whilst not a common practice, addition of a double confirmation on instruction of the issuing bank, does occur and was addressed in ICC Opinion R792 (TA...
A Guide to Pre-Advised Credits
Nowadays, very few credits are pre-advised...
A Guide to Charter Party Bills of Lading and a UCP issue
Charter Party Bills of Lading (CPBL's) are bills of lading that are issued subject to the terms and conditions of a charter party...
A Guide to Negotiation: why does this still cause problems?
Although not evident in all markets, it is clear that some confusion surrounds the concept of negotiation...