UCP600
ICC Opinions Discussed at January 2023 Session
Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
Independent vs. Accessory Guarantees – a Tale of Two Cases: Shanghai Shipyard and Bank Audi
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
What Are We Supposed to Do? A Practical Approach to Sanctions Clauses
The position of a banker in the trade finance environment includes trying to reconcile opposite demands of a buyer and a seller.
Latest ICC Draft Opinions Released for April 2022 Meeting
The ICC Banking Commission has released three Draft Opinions that will be discussed at its next opinion review session that
Non-Bank LC Issuance: Concerns Linger
Because of widespread interest on the subject, the ICC Banking Commission issued ICC Opinion TA537 (2002) on when a non-bank
ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions
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.
Modifications and Exclusions of UCP600 Articles in Commercial Letters of Credit
Practical advice for modifying and excluding UCP600 articles in commercial letters of credit.
Additional ICC Technical Advisory Briefing Topics Identified
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
