Christopher Byrnes

Diverse Views Define UCP Revision Voting

There will be no revision of the UCP 600 rules undertaken by the ICC Banking Commission at this time. Additionally,

ICC Unveils Two-Year UCP, ISBP Action Plan

Billed as a deliberate shift from rule revision to rule optimisation, the ICC Banking Commission’s 2026-2027 Action Plan – UCP/

Court Denies CCBC’s Motion, NY Discovery Applies

In White Rock Insurance (SAC) Ltd. v. China Construction Bank Corp., the New York State Supreme Court denied China Construction

Court’s Interpretation of LC as Conditional Form of Payment Benefits Seller

Even if a seller is responsible for an LC issuing bank’s failure or refusal to pay because it did

English Court Decides on Legal Nature of “Classic Performance Bond”

In Power Projects Sanayi Insaat Ticaret Ltd v. Star Assurance Co Ltd,[[1]] the English Commercial Court held that under

Bonded Warehouse Facilities Must be Modernized

Abuse of bonded warehouse facilities by Bangladesh’s readymade garments industry has been gotten worse since the 1990s. By one

ICC Finalizes Opinion on B/L Freight Details

At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It

ICC NCs to Comment on Future of UCP600, ISBP

Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from

TAB-17 Addresses Handling Surrendered Bills of Lading

Trafigura Wins Nickel Fraud Case, Recovery Process Begins

In Trafigura PTE Ltd. v. Gupta[[1]], a London High Court ruled in favor of Trafigura in its USD 500

Auditors Found Guilty of Failing to Detect LC Fraud

The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian

Maritime Piracy & Robbery at Five-Year High

Reported incidents of piracy and armed robbery against ships worldwide in 2025 reached their highest level since 2020 according to