The latest ICC's new ISBP 821 is now available, since April 2023. The publication is an update of ISBP 745 with just a few additions as a result of certain Opinions since ISBP 745 was published. For example, 2 paragraphs in the Scope of the publication section: - paragraph (viii)... read more →

The International Standard Demand Guarantee Practice for URDG 758 (ISDGP) is the indispensable companion to the ICC Uniform Rules for Demand Guarantees 758 (URDG). It represents international best practice in demand guarantees. It supplements but does not amend, the URDG. The 215 international standard practices in this publication have been collected through a... read more →

The Uniform Rules for Digital Trade Transactions (URDTT) Version 1.0 are the result of the mandate given by the ICC Banking Commission to develop a high-level structure outlining rules, obligations, and standards for the digitalisation of trade transactions. The drafting process resulted in more than six full drafts, with over 1,500 comments... read more →

"Document Delivery Delays have been an unsettling reality for LC parties due to the COVID-19 crisis." In its “Guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules”, the ICC Banking Commission recently addresses scenarios experienced in the delivery of documents. Who is responsible... read more →

New Incoterms 2020 came into effect on 1 April, 2019. The International Chamber of Commerce (ICC) has prepared to launch on 1st April, 2019 latest publication of Incoterms 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system. The... read more →

ICC’s Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR) have been updated. The update, ICC Publication No. 725, was necessary to bring these long-standing rules into conformity with UCP 600, ICC’s universally used rules on letters of credit, which came into effect on 1 July, 2017. The updated text... read more →

ICC in July 2010 announced a revised version of the Uniform Rules for Demand Guarantees – URDG758 destined to apply to hundreds of billions of dollars of demand Guarantees securing monetary and performance obligations in a wide array of international and domestic contracts. After two years of work, the revised... read more →

Passed by ICC Banking Commission by Big Margins, National Committees Voted “YES” for both Voting on 17 April, 2013 – Lisbon, Portugal’s ICC Commission on Banking Technique and Practice officially ushers in the start of a new era of trade finance. By a vote of 82 to 0, ICC National... read more →