How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Canada's Court of Appeal of Alberta affirmed trial judgment, dismissing LC Applicant's appeal and terminating short term interim injunction.
Surecomp Announces Partnership with Enigio to embed trace:original into API-based digital trade flows.
Global trade finance solutions provider Surecomp announced 23 February 2022 that it is partnering with Enigio to embed the digital original documents provider’s trace:original solution in its cloud-based solutions offerings.
The cooperative initiative will give financiers, corporate traders, insurers and other trade participants among Surecomp’s customer base the ability to create and manage digital letters of credit, bank guarantees, negotiable instruments, documents of title, and other trade documents with the assurance that their content has not been manipulated or altered and confidence that such digital documents will behave and perform exactly as any paper-based original.
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
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