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Articles by Month

September 2016

Strict compliance: an update
30/09/2016
We previously addressed the issue of ‘strict compliance' in our blog of 9 November 2015...
ISBP 745: General Principles Part 4
26/09/2016
General Principles: A31: Signing of originals and copies It is not always the case that an original document must be signed...
ISBP 745: General Principles Part 3
23/09/2016
General Principles: A21: How to handle language in documents It should be noted that parties involved in a documentary credit must be very clear when establishing or agreeing the language requirements for the stipulated documents...
ISBP 745: General Principles Part 2
20/09/2016
General Principles: A11: Date in documents A common area for misinterpretation surrounds the dating of a document in respect of a date of issuance, an effective date or evidence of a date of shipment...
ISBP 745: General Principles Part 1
16/09/2016
Basic considerations: In view of the fact that UCP 600 does not provide full coverage of all the documents that may be required for presentation, an applicant and beneficiary should determine, and agree upon, the documents that are to be presented, the issuer, their data content and time frame for their presentation...
What is a clean transport document
13/09/2016
It is common for documentary credits to state that the presented transport document should be ‘clean'...
Specification of currency in an invoice
09/09/2016
A heavily debated query was approved at the November 2015 ICC Banking Commission meeting after having gone through a number of iterations over the preceding months...
Hanjin Shipping
06/09/2016
On 31 August, it was reported that Hanjin Shipping filed for bankruptcy protection and stopped accepting new cargo after its bankers withdrew financial support for the company...