Blog

June 2017

  • Strict Compliance and Demand Guarantees
    19/06/2017
    Back in 2016, the ICC Banking Commission released a paper on the principle of strict compliance - https://cdn...
  • The instalment article in UCP
    15/06/2017
    UCP 600 article 32 states that when an instalment is not drawn or shipped within the allowable period, then the credit ceases to be available for that and any subsequent instalment...
  • Partial acceptance of amendments
    13/06/2017
    One further issue that has been raised in the UCP revision consultation concerns the allowance of a partial acceptance of amendments...
  • Inclusion of copies of contracts in documentary credits
    08/06/2017
    Another issue that has been raised in the UCP revision consultancy process relates to the inclusion of copies of contracts in documentary credits...