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ICC Workshops in Thailand and Indonesia

16/09/2013 On 24th & 26th June, Gary Collyer delivered workshops on behalf of ICC Thailand and Indonesia to launch the ISBP in Thailand and Indonesia respectively. A presentation on BPO was also given in Thailand on 25 June.

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Recent News

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

Description of goods is stated under the documentary credit as: PRIME QUALITY NEWLY PRODUCED HOT ROLLED STEEL EQUAL ANGLES. QUALITY: S 275 JR ACCORDING TO EN ... 1) SIZE(MM):AXBXC QTY(MT):16, UNIT PRICE USD ... 2) SIZE(MM):DXEXF QTY(MT):27, UNIT PRICE USD ... SUBTOTAL: 43MT CFR ... PORT (INCOTERMS 2020) Partial shipments were allowed. Beneficiary issued a commercial invoice which has three independent columns named as: NET WEIGHT, GROSS WEIGHT and THEORETICAL WEIGHT/QUANTITY(MT). TOTAL AMOUNT is calculated on the base of the theoretical weight. Net weight and gross weight is equal but less than theoretical weight. Can we accept the invoice as it is as per ICC Opinion R807 / TA786rev2 (2012-2016) since LC does not specify whether the quantity is to be calculated on the basis of net, gross or theoretical weight?