19/06/2017
Back in 2016, the ICC Banking Commission released a paper on the principle of strict compliance - https://cdn...
15/06/2017
UCP 600 article 32 states that when an instalment is not drawn or shipped within the allowable period, then the credit ceases to be available for that and any subsequent instalment...
13/06/2017
One further issue that has been raised in the UCP revision consultation concerns the allowance of a partial acceptance of amendments...
08/06/2017
Another issue that has been raised in the UCP revision consultancy process relates to the inclusion of copies of contracts in documentary credits...