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UN endorses ICC Uniform Rules for Forfaiting (URF 800)

23/08/2017 At its 50th plenary session held in Vienna on 14 July, the United Nations Commission on International Trade Law (UNCITRAL) officially endorsed the ICC publication 800 "Uniform Rules for Forfaiting" (URF 800).

See here for the ICC web story UN endorses ICC Uniform Rules for Forfaiting .pdf

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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

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The credit calls for insurance document to evidence "claims payable in China". Presented insurance document evidences “claims payable in China”, but also evidences the claims agent as “XYZ Co Ltd, Thailand”. Is it acceptable? Why?