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.
In a wide-ranging overview of the documentary credit’s origins to its future viability, David Meynell is laser-focused on making the case that digital technology has thrust documentary credits into a promising new era primed to offer increased efficiency, transparency, and security.
David Meynell and Gary Collyer offer a preview of what the ISBP 821 revision process might look like, including fixing gaps and additional digitalisation enhancements.
David Meynell updates the ICC on the UK Electronic Trade Documents Act (ETD Act), highlighting its synergy with the UN Model Law, ICC rules, and practice guidelines. The paper explores key clauses, emphasizing harmonization and functional equivalence between the ETD Act and international frameworks.
