New ICC Draft Opinions March 2021


Five queries have been received for discussion at the next ICC Banking Commission meeting which will be held virtually in March 2021, in the sequence TA909-910 & 912-914.


TA911 has been held-over pending further information. 


TA914 has also been reviewed by the Guarantee Task Force.




TA.909 - Interpretative Paper on the correct interpretation of the first paragraph of UCP 600 article 35. 


TA.910 - non-payment of drawings under a deferred payment credit.


TA.912 - non-payment at maturity of deferred payment credit.


TA.913 - pre-printed text on an insurance document.


TA.914 - applicability of URDG 758 to a counter-guarantee. 



We will provide you with more details and updates after conclusion of the meeting.





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