International Standard Banking Practice (ISBP 745) Guidance Paper


The ICC recently published a Guidance memo on Opinions and their potential impact on ISBP 745 and UCP 600. This covers all ICC Opinions since the introduction of ISBP 745 in July 2013.


ISBP 745 (International Standard Banking Practice for the Examination of Documents under Documentary Credits) reflects existing practice, whilst ICC Opinions reflect existing and evolving practice. 


It is intended that an annual guidance be produced reflecting the previous 12 months ICC Opinions and indicating how they relate to ISBP 745 and UCP 600.







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