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ICC Uniform Rules for Digital Trade
29/10/2019
An update on the progress of the Uniform Rules for Digital Trade (URDT) was presented during the Paris Banking Commission meeting in October 2019...
UCP Gaps
28/10/2019
We have mentioned on numerous occasions in the past that we do not - currently - support a revision of UCP 600...
New approved ICC Opinions October 2019
22/10/2019
Five Opinions were approved during the ICC Banking Commission meeting in Paris, in October 2019...
Non-documentary conditions
17/10/2019
On occasion, suggestions have been made that UCP 600 sub-article 14 (h) be modified...
Amendment conditional upon payment of fees
15/10/2019
Concern has been expressed in the past in respect of the linking of the effectiveness of an amendment under a documentary credit to the payment of a fee...
Contract wording in a documentary credit
02/10/2019
UCP 600 article 4 makes it clear that a credit is a separate transaction from the sale or any underlying contract on which it may be based...