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October 2016

Visakhapatnam Port, India opens for import of goods into Nepal
28/10/2016
Traders can finally import third-country goods using Visakhapatnam Port in India, as Nepal Rastra Bank (NRB), the central bank, has allowed banks to issue letters of credit (LC) to bring in cargoes using the seaport in Andhra Pradesh...
ICC releases its latest Trade Finance Survey
07/10/2016
The ICC today issued its latest Global Trade Finance survey based on 2015 data...
ICC Banking Commission Executive Committee announces insufficient justification for a UCP revision at this time
06/10/2016
The ICC today announced that in view of the fact that UCP 600 has been effective since 2007, the Executive Committee of the ICC Banking Commission recently undertook a review of current practice in order to determine whether or not a revision would be justified...

Recent News

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

Recognising that there is no global standard for the defining Trade Finance, this Briefing document provides a suggested text and has been recommended for use by the ICC Banking Commisison Steering Committee...more

ICC release Technical Advisory Briefing No. 10 - Amendments 14/08/2024

This briefing, focussing on the acceptance and rejection of amendments, describes the necessary process for the proper handling of tamendments and the best practices associated with determining their acceptance or rejection...more

Latest Question

A road transport document is issued on the letterhead of ABC Limited, and it is signed: On behalf of the carrier with a round stamp of ABC LIMITED and signed. Does the stamp identify the carrier and the signature fulfil the condition of signed by the carrier? Will it apply to other transport documents too?