UCP600

Responding to “A Critical Review of ICC Opinion TA.948”

Writing in a personal capacity as a professional deeply familiar with the ICC Opinion process and the trade finance business, Dave Meynell offers response to three remarks made by Rupnarayan Bose in a June 2025 DCW article on ICC Opinion TA.948.

A Critical Review of ICC Opinion TA.948

Since a draft was included in the presentation at issue in ICC Opinion TA.948, it prompts important questions about examination not only under UCP but also under bills of exchange law.

The Road Map to a Draft-less UCP

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.

‘Docs, or It Didn’t Happen’: Examining Misconceptions around Non-Documentary Conditions

Non-documentary conditions and the General Rule against them can be prone to unhelpful misconceptions, potentially resulting in problems.

ICC Opinions: Why has Usage Reduced?

Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.

Simple Documentary Credit Format

In the fourth instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell reinforces the case for simple documentary credits and offers tips on how to construct them.

Presentation Period Rules Unnecessary, Old Fashioned and Must Go

UCP Revision – Hot Topics from Practitioners! DCW is pleased to announce a new section of the journal where experienced practitioners

Trend 1: Increasing Complexity in Commercial LCs

Trend 2: Electrification of the LC