Blog

May 2017

  • Exchange control in documentary credit transactions
    16/05/2017
    A suggestion has been put forward that UCP should cover exchange control regulations...
  • UCP revision: explanatory notes part 5
    12/05/2017
    As explained in our last few blogs, the explanatory notes accompanying the recent ICC Banking Commission decision not to proceed with a revision of UCP 600 contained a number of answers to questions raised by practitioners in different parts of the world...
  • UCP revision: explanatory notes part 4
    11/05/2017
    As explained in our previous couple of blogs, the explanatory notes accompanying the recent ICC Banking Commission decision not to proceed with a revision of UCP 600 contained a number of answers to questions raised by practitioners in different parts of the world...
  • UCP revision: explanatory notes part 3
    10/05/2017
    As explained in our previous blog, the explanatory notes accompanying the recent ICC Banking Commission decision not to proceed with a revision of UCP 600 contained a number of answers to questions raised by practitioners in different parts of the world...
  • UCP revision: explanatory notes part 2
    09/05/2017
    The explanatory notes accompanying the recent ICC Banking Commission decision not to proceed with a revision of UCP 600 contained a number of answers to questions raised by practitioners in different parts of the world...
  • UCP revision: explanatory notes part 1
    08/05/2017
    We recently outlined the background to the two most commonly referenced issues in respect of a potential revision: drafts and negotiation...
  • ICC Digitalisation Working Group
    05/05/2017
    The ICC has established a new Working Group on Digitalisation: the inaugural meeting was held in Jakarta prior to the recent ICC Banking Commission plenary session...
  • ICC Opinions: April 2017
    04/05/2017
    TA...
  • Negotiation: UCP 700
    03/05/2017
    As with the issue of drafts, the removal of ‘negotiation' from the UCP as a form of availability is also an argument that has been brought forward on numerous occasions in an effort to justify a revision of UCP 600...
  • Drafts: UCP 700
    02/05/2017
    One argument that was put forward for a revision of UCP 600 surrounded the removal of drafts from the rules...