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October 2019

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• ICC Uniform Rules for Digital Trade

  29/10/2019
  An update on the progress of the Uniform Rules for Digital Trade (URDT) was presented during the Paris Banking Commission meeting in October 2019...

• UCP Gaps

  28/10/2019
  We have mentioned on numerous occasions in the past that we do not - currently - support a revision of UCP 600...

• New approved ICC Opinions October 2019

  22/10/2019
  Five Opinions were approved during the ICC Banking Commission meeting in Paris, in October 2019...

• Non-documentary conditions

  17/10/2019
  On occasion, suggestions have been made that UCP 600 sub-article 14 (h) be modified...

• Amendment conditional upon payment of fees

  15/10/2019
  Concern has been expressed in the past in respect of the linking of the effectiveness of an amendment under a documentary credit to the payment of a fee...

• Contract wording in a documentary credit

  02/10/2019
  UCP 600 article 4 makes it clear that a credit is a separate transaction from the sale or any underlying contract on which it may be based...