The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
ICC republished four guidance papers on recommended principles and usages around the UCP600 rules in February 2023. The collection of materials address the following topics:
“Recommendations in Respect of the Requirements for an On Board Notation” (Document No. 470/1128, 22 April 2010);
“Notes on the Principle of Strict Compliance” (Document No. 470/1261; 24 May 2016);
“Additional Material Relating to the Guidance Paper – The Use of Drafts under Documentary Credits” (8 January 2019); and
“Guidance Notes for Documentary Credit Formats” (17 December 2019).
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
