Compilation of Opinions (2)

R786 UCP600 Article 3 How should the term “claim” be understood when a commercial invoice is required by the letter of credit, including signature, claim, and display details? (TA769rev) Letter of credit requirement: Commercial invoice must be signed, claimed, and display details. The letter of credit does not specify how the requirement for “claim” should … Read more

ICC Opinion: Can a Discrepancy Fee Be Deducted Without Issuing a Refusal Notice? R820 (TA795rev)

ICC Opinion: Can a Discrepancy Fee Be Deducted Without Issuing a Refusal Notice? R820 (TA795rev)

ICC Rules Study_ International Chamber of Commerce Opinion This official opinion is still quite lengthy, covering two aspects. The narrator’s argumentation process is long, and the ICC’s analysis includes another official opinion’s analysis and conclusion. However, despite the extensive content, the case details are not complex, making the reading process not tedious, though somewhat time-consuming: … Read more