At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
Recent ICC guidance addresses practical trade finance issues arising from the Middle East conflict. Having a nimble strategic approach for coping with operational risk is paramount for banks.
The ongoing conflict in the Middle East has created significant challenges for global trade, supply chains and banking operations. In response, the International Chamber of Commerce (ICC) issued in April 2026 a two-page guidance document, Application of ICC Trade Finance Rules in the Context of the Middle East Conflict, clarifying how existing trade finance rules continue to apply despite disruptions attributed to the conflict.
While the guidance addresses practical issues arising from the conflict, including document delays, force majeure considerations affecting banks, and potential sanctions-related implications, its significance extends beyond the specific circumstances of the region.
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
