Blog - UCP 700 – on the table?...
DCWorld (January 2015) includes a number of articles pointing towards a
potential UCP 700 revision.
I am not aware of this, but would in fact welcome such initiative – of course given that it is a “real” revision. To me that means a rea ... Read On
Article - Issuing Bank Had to Pay Desp...
By Shahriar Masum
[Republished from LC Monitor with the kind consent of the author.]
1. Issuing bank had to pay despite discrepancies in the presented document.
2. The content of the refusal advice was not in industry standard.
... Read On
Review - ICC Guide to the Uniform Rul...
The ICC Guide to the Uniform Rules for Bank Payment Obligations examines the ways in which the three critical components - standards, platform and rules - must interact and complement one another to facilitate the successful completion of a BPO transaction.
BPOs enable banks to mitig ... Read On
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Can Issuing Bank Be Confirming Bank Also?
Poll initiated by jinnat