Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.
One of the world’s largest importers of wheat, Egypt is facing substantially higher costs for the product for which Russia and Ukraine have been its primary suppliers.
Bankers also have reported that shortages of dollars have led to blockages at Egyptian ports due to importers’ inability to secure needed foreign currency for LCs to gain clearance of goods.
