News

News by Month

ICC Banking Commission withdraws previously approved Opinions TA814rev and TA820rev

17/08/2015
The ICC Banking Commission has indicated, based on feedback received, that the final versions of Opinions TA.814rev and TA.820rev were not exactly in line with the wording agreed at the Singapore ICC Banking Commission meeting in April 2015. Therefore, these Opinions have now been officially withdrawn.

Revised Opinions, for comment by 18 September, have been circulated to ICC National Committees.

Back to recent news

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?