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ICC releases guidance document on force majeure clauses that appear in commercial contracts

17/04/2020 Given the many disruptions to corporate business operations in light of COVID-19, and resulting questions on Force Majeure clauses in commercial contracts, the ICC released the following guidance document: https://iccwbo.org/publication/general-considerations-force-majeure-clauses-in-commercial-contracts/

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26/11/2024

The latest newsletter is now available in the members trade information section under the category of 'Newsletters'...more

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

Latest Question

Applicant - ABC Ltd LC value- EUR 345,600.00 Invoice mentions the goods description and related costs and also adds transportation costs which makes the total invoice amount equal the LC value. 1. Do transportation costs come under C10? 2. Below transportation cost there is a statement "(A foc container valued at Euro 2080 is included in the shipping costs and remains the property of ABC LTD) - how to understand this point? Kindly advise.