This month we’re exploring where traditional instruments meet modern LC practice, focusing especially on the complications surrounding drafts and
For the 7th year, the Institute of International Banking Law & Practice conducted its one-day Americas Trade Finance Compliance Annual Meeting. This summary provides an overview of topics discussed at the conference hosted by S&P Global on 2 April 2025 in New York and conducted as a hybrid event.
The ICC has neither accepted the draft as a standard requirement, nor have they been successful in casting it out from LC practice. This article is an attempt to resolve the confusion and place bills of exchange laws and the UCP in their proper perspectives.
Perceiving a need among the letter of credit community for guidance on interpretation of the phrase “without delay” regarding the
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
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