Blog

October 2016

  • A summary of DOCDEX Decisions
    27/10/2016
    The most recent version of the DOCDEX (Documentary Instruments Dispute Resolution Expertise) rules, ICC Publication 872, came into force on 1 May 2015...
  • ICC Trade Survey: 2016
    24/10/2016
    Rethinking Trade & Finance: ICC 2016 Trade Survey   The report should be read in full in order to understand context...
  • Digital heartbeats: Part 2 of 2
    19/10/2016
    Digital heartbeats in a traditional landscape: Part 2 of 2   Originally published in TFR magazine, SIBOS edition, September 2016   So, how can this be achieved? An extract from a report by Deutsche Bank Research [1] provides a key insight to the answer:   Internet firms throwing down the gauntlet to the banking world...
  • Digital heartbeats: Part 1 of 2
    17/10/2016
    Digital heartbeats in a traditional landscape: Part 1 of 2   Originally published in TFR magazine, SIBOS edition, September 2016   Any sufficiently advanced technology is indistinguishable from magic [1]   Over the last couple of decades, technology has moved forward so quickly that we now almost take it for granted...
  • Insurance documents: “warehouse-to-warehouse”
    12/10/2016
    Despite many practitioners believing the contrary, inclusion of a "warehouse-to-warehouse" clause on an insurance document does not provide evidence that cover is effective from a date not later than the date of shipment, when such document is dated later than the date of shipment...
  • What is a confirming bank under a letter of credit?
    10/10/2016
    Confirmation is normally requested by a beneficiary at the time of agreeing the sale of goods, or agreeing to provide services or performance, and is usually a pre-condition inserted in the proforma invoice or sale contract...
  • An introduction to CITF ®
    06/10/2016
    CITF ® was developed by ifs University College (The London Institute of Banking & Finance from 15 September 2016) and launched in 2009...
  • An introduction to CDCS ®
    04/10/2016
    CDCS® was developed in partnership by ifs University College (The London Institute of Banking & Finance from 15 September 2016), IFSA (now BAFT) and ICC...