Home About us Pay subscription Contact

Register

News

News Categories
Recent News

News by Month

March 2021

BREAKING NEWS: ICC Banking Commission approves ISDGP
31/03/2021
At the virtual ICC Banking Commission meeting today, the Commission approved the release of the ISDGP (International Standard Demand Guarantee Practice) publication...

Recent News

Is your automatic extension (evergreen) clause as specific as it should be? 21/04/2026

Case: Starr Indemnity & Liability Co...more

ICC release guidelines on the Application of ICC trade finance rules in the context of the Middle East conflict 17/04/2026

Please find HERE the link to the paper just released by the ICC Global Banking Commission: ...more

Latest Question

The LC stipulates the following terms: Partial shipment not allowed Quantity of goods: 25,000 - 30,000 Unit price : USD10.00 LC amount : USD300,000.00 Both LC amount and quantity of goods 10% less and more acceptable. We have received documents from the customer indicating: Quantity of goods: 22,621 Draft amount USD226,210.00 In light of the above, we seek your confirmation on the following: 1. Will the LC amount be adjusted proportionately in accordance with the actual shipping quantity? 2. Does this constitute a discrepancy due to "LC amount short drawn"