30/11/2015
The term ‘force majeure' is French in origin, literally meaning ‘greater force'...
27/11/2015
Gary Collyer (as Chair) and David Meynell were members of the ISBP Revision Working Group...
25/11/2015
A draft is a common feature of a documentary credit...
23/11/2015
Both Gary Collyer and David Meynell were members of the original ICC Working Group on the Supplement to UCP 500 for Electronic Presentation (eUCP)...
20/11/2015
The act of presenting complying documents under a documentary credit is one that is expected to ultimately result in a financial settlement...
18/11/2015
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16/11/2015
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13/11/2015
Extension to the maturity date of a term credit Scenario - adapted from ICC Opinion R721 Whilst not a common occurrence, on occasion the maturity date of an accepted draft or a deferred payment commitment under a documentary credit needs to be extended...
11/11/2015
As we have mentioned within a number of previous blogs, one of the more problematical areas within documentary credits is the examination of documents...
09/11/2015
Not all ICC Opinions meet with universal approval...
05/11/2015
The issue of sanctions being applied upon a documentary credit transaction has surfaced on a number of occasions over the years...
03/11/2015
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02/11/2015
Disruptive technology seems to be mentioned all over the media these days...