Articles by Month
ICC Uniform Rules for Digital Trade
An update on the progress of the Uniform Rules for Digital Trade (URDT) was presented during the Paris Banking Commission meeting in October 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
Five Opinions were approved during the ICC Banking Commission meeting in Paris, in October 2019...
On occasion, suggestions have been made that UCP 600 sub-article 14 (h) be modified...
Amendment conditional upon payment of fees
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
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...