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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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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?

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UN endorses ICC Uniform Rules for Forfaiting (URF 800)

Recent News

ICC release Technical Advisory Briefing No. 11 - Definition of Trade Finance 19/09/2024

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

Latest Question