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
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It also provided updates on the status of Technical Advisory Briefings, the future of UCP & ISBP, and meeting dates.
ICC Opinion TA958rev involves a query about a commercial LC requiring presentation of a full set negotiable bill of lading marked “freight prepaid”. Among information on the presented B/L, it stated "Freight prepaid- payable at D" under the section "description of packages and goods as stated by the shipper …". Additionally, the B/L contained a pre-printed field titled "freight to be paid at" where "D" was also stated.
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