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Following the approval of the International Standard Banking Practice (ISBP) Publication 745, the ICC has announced that two previously approved Opinions have now been withdrawn due to contrasting positions that appear in ISBP.

18/06/2013 ICC Opinion R751 is superceded by the content of paragraphs D1 (c) and E1 (a) i.e., that the routing in the credit will determine the applicable article of UCP when the wrong or inappropriate transport document is indicated. ICC Opinion R766 is superceded by paragraph K10 (c) i.e., that an insurance document dated later than the date of shipment but indicating coverage is made on a warehouse-to-warehouse basis will not be evidence that insurance was effective as of the date of shipment.

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Recent News

Technical Advisory Briefing No. 17 - Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600 09/02/2026

The latest ICC Trade Advisory Briefing can be found in the following link: https://library...more

Winter 2026 Newsletter added to the Members Trade Information section 09/02/2026

This newsletter covers the 1 opinion that was approved by the ICC Banking Commission on 27 January It also provides the text of the Trade Advisory Briefing number 17 covering the handling of letters of credit that require or allow for the presentation of 'surrender[ed]' bills of lading...more

Latest Question

If a credit requires a consignee copy of a road transport document, should it still comply with Article 24 with respect to naming of the carrier and other rules or these only apply to the consignor copy?