Articles by Month
Strict compliance: an update
We previously addressed the
issue of ‘strict compliance' in our blog of 9 November 2015...
ISBP 745: General Principles Part 4
A31: Signing of originals and copies
It is not always the case that an original document
must be signed...
ISBP 745: General Principles Part 3
A21: How to handle language in documents
It should be noted that parties involved in a
documentary credit must be very clear when establishing or agreeing the
language requirements for the stipulated documents...
ISBP 745: General Principles Part 2
A11: Date in documents
A common area for misinterpretation surrounds the
dating of a document in respect of a date of issuance, an effective date or
evidence of a date of shipment...
ISBP 745: General Principles Part 1
In view of the fact that UCP 600 does not provide full
coverage of all the documents that may be required for presentation, an
applicant and beneficiary should determine, and agree upon, the documents that
are to be presented, the issuer, their data content and time frame for their
What is a clean transport document
It is common for documentary
credits to state that the presented transport document should be ‘clean'...
Specification of currency in an invoice
A heavily debated query was approved at the November
2015 ICC Banking Commission meeting after having gone through a number of
iterations over the preceding months...
On 31 August, it was reported that Hanjin Shipping filed for bankruptcy
protection and stopped accepting new cargo after its bankers withdrew financial
support for the company...