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Supply Chain on SWIFT - Newsletter Q1 2014

31/01/2014 In the referenced newsletter, SWIFT have highlighted a few facts and figures.

MT798 - 20+ banks are live on the MT798 together with 10+ corporates.

BPO - 18 of the top 20 trade banks are adopting the BPO, with half of them live or ready for live transactions; 146 banks are connected to the Trade Service Utility (TSU) representing 83 banking groups; 25 corporates are live on BPO, mainly in Asia Pacific region.

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

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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?