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The Rome ICC Opinions are out

The Rome ICC Opinions are out

by Kim Sindberg | November 15, 2016

Following the first Technical Meeting in the ICC Banking Commission held in Rome November 2016 the new Final ICC Opinions have just been circulated (less than a week after the meeting - which I think is a record).
The Draft ICC Opinions were presented at the meeting by Dave Meynell, Glenn Ransier and myself.
Below is a brief overview of the topics covered by the Opinions:


TA.842rev3
This Opinion was held over from the previous meeting in Johannesburg.
The issue is whether the requirement "ALL DOCUMENTS TO BE MANUALLY SIGNED" applies to a copy of an invoice.


TA.849rev3
This Opinion was held over from the previous meeting in Johannesburg.
The scenario is a invoice that includes the following clause:
"These comm... Read The Full Post



The Idea of SWIFT MT798

The Idea of SWIFT MT798

by Shahriar Masum | November 03, 2016

The bad thing about a long layover at an airport is "Its Boring". The good thing is, you can sit back and relax and write for your blog :)

So, we were discussing how technology is having greater impact on International Trade documentation compared to the rules and laws. Whether you have realized it or not, you in fact already know a good part of it. Take the example of SWIFT. When we read the history of LC, we see people carrying the original, signed paper LC in their briefcase. After that we had the era of telex and now we have the SWIFT. Now if you please agree with me, jumping from Paper to Telex to SWIFT affects our daily life (or daily trade life?!) more than jumping from UCP400 to UCP500 To UCP600. If you work for a bank and don't agree with me, it ok. Let us put aside... Read The Full Post



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