Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
The ICC Banking Commission held its 2021 Technical Meeting in a virtual setting conducted via the Zoom online platform on 6-7 October.
Two separate portions of the event open to Banking Commission members and ICC National Committee representatives took place. An ICC Official Opinions Session on 6 October attracted over 200 participants and was followed by a Plenary Session on 7 October which had more than 125 individuals on the call.
Six ICC draft opinions were reviewed at this session, while one other (Draft Opinion TA.911) was withdrawn. For the draft opinions discussed, 33 ICC National Committees (NCs) submitted comments to ICC in advance of the Meeting.
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
For the 19th consecutive year, IIBLP conducted its Americas Standby & Guarantee Forum. Held in New York City on 4 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
On 4 November 2025, ICC announced availability of its 2025 Trade Register. First produced in 2010, the ICC Trade Register
The ICC Banking Commission’s quarterly meeting, held via Zoom on 21 October 2025, discussed six draft opinions, the status of Technical Advisory Briefings, a call for comments on the future of UCP and ISBP, and the emergence of stablecoin as relates to ICC rules and digital trade law.
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