ICC Rules Study_ International Chamber of Commerce Opinion This is a dispute regarding discrepancies arising from a presentation under a standby letter of credit issued in accordance with UCP 600, and the conclusion also applies to presentations under documentary letters of credit: R821 Did the beneficiary need to present the original advice of the standby … Read more
ICC Rules Study_ International Chamber of Commerce Opinion The analysis process of this official opinion is somewhat special, as it includes two parts: the analysis process of the National Committee of Country I, which provides more detailed and accurate case details, and the analysis of the ICC Banking Commission, which is more targeted; however, their … Read more
ICC Rules Study_ International Chamber of Commerce Opinion This opinion is a review of a bank guarantee required under a letter of credit, with the key point being the requirement of the bank guarantee: Payable in Country X. R818 The credit requires the presentation of a guarantee payable in Country X; the presented guarantee complies … Read more
ICC Rules Study_ International Chamber of Commerce Opinion (Note: The following content was published on 4.2 but was deleted by the official account on the same day. To maintain continuity of ICC opinion content, it is being republished in a “non-original” format. Those who have read it can skip this.) This is a dispute arising … Read more