ICC Banking Commission

ICC Defines Trade Finance

Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC

Christopher Byrnes Sep 25, 2024

DCW Updates

ICC Opinions Finalized at July 2024 Session

Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session

Christopher Byrnes Aug 22, 2024

DCW Updates

Latest ICC Briefing Paper on UCP600 Practice Addresses Amendments

In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory

Christopher Byrnes Aug 22, 2024

DCW Updates

Digital Trade Finance Puzzle Coming into Focus

Citing passage of the 2023 UK Electronic Trade Documents Act and building momentum across the legal, banking, business, and technology

DCW Newsroom Aug 22, 2024

DCW Updates

Dave Meynell Reacts to June 2024 DCW Articles

Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.

Dave Meynell Jul 8, 2024

DCW Updates

UNCITRAL Project on Negotiable Cargo Documents

United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the

DCW Newsroom Jun 25, 2024

DCW Articles

When the Beneficiary Bypasses the Nominated Bank

ICC TAB 9 points out that there is a risk of documents being presented to more than one bank at the same time, especially under an LC that is freely negotiable, but it stops short of making any recommendations for avoiding this risk. Here’s my suggestion.