Issues Regarding Transferable Credits under UCP600 Article 38
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on 5 August 2025. The Draft Opinions were released in early June for ICC National Committees (NCs) for review and comment. Feedback is due to the ICC Technical Advisory Team on or before 22 July.
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