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Outdated

• Position Papers 1, 2, 3, 4 (UCP 500) -Note: where appropriate, integrated to UCP 600

• Original Documents (UCP 500) -Note: consolidated with UCP 600

• Examination of Documents, Waiver of Discrepancies & Notice (UCP 500)

• Transferable Credits (UCP 500)

• Non-bank issuance of documentary credits (UCP 500)

Current

• Recommendations in respect of the requirements for an On board Notation -https://iccwbo.org/publication/recommendations-of-the-banking-commission-in-respect-of-the-requirements-for-an-on-board-notation/

• Notes on the Principle of Strict Compliance -https://iccwbo.org/publication/icc-banking-commission-executive-committee-issues-paper_notes-on-the-principle-of-strict-compliance/

• Use of Sanction Clauses in Trade Finance-related instruments -https://iccwbo.org/publication/guidance-paper-on-the-use-of-sanctions-clauses-2014/

• Use of Drafts under Documentary Credits -https://iccwbo.org/publication/guidance-paper-use-drafts-bills-exchange-documentary-credits-executive-summary/

• Commentary on eUCP Version 2.0 and eURC Version 1.0 -https://iccwbo.org/media-wall/news-speeches/icc-banking-commission-releases-new-erules-use-electronic-documents/

• Supplement to the ‘Commentary on eUCP Version 2.0 and eURC Version 1.0' (eRules) -https://www.tradefinance.training/news/news-categories/icc-issues-supplement-to-the-commentary-on-eucp-version-20-and-eurc-version-10/

Thoughts for the future?

• Review and update outdated papers-which ones?
• Missing/lost documents?
• Meaning of ‘without delay' in UCP 600?
• Transport Documents?
• Discrepancy Fees?
• Non-documentary Conditions?
• Reducing discrepancy rates?

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