Collyer Consulting

Bank Payment Obligation (BPO) using electronic documents

28/04/2015 To date, BPO transactions have been completed based on the submission of data extracted from paper documents.

On 17 April, essDOCS announced the successful conclusion of the first BPO transaction involving the completely electronic submission of data. For details Click Here

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

LC requires an air waybill issued to the order of the issuing bank. Air waybill is presented and on the right top corner it states "not negotiable air waybill" and it is issued to the order of the issuing bank as per LC terms. Air waybills should not be required to be made out to the order of the issuing bank in the first place. But as this is the case, and as being the confirming bank, do you think we can accept the document as credit complying despite the "not-negotiable" notation?

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Bank Payment Obligation (BPO) using electronic documents

Recent News

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

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

Latest Question