TAB-4 Lost Documents
ICC Opinions Finalized at July 2024 Session
Five draft opinions – some garnering much more attention than others – were finalized in an ICC Banking Commission quarterly discussion session
Technical Advisory Briefing #4 on Lost Documents Should Cause Much Relief for Practitioners
The ICC Banking Commission's TAB#4 sheds light on UCP600 Article 35, assuaging concerns about lost documents. The clarification emphasizes the LC issuer's responsibility to honor compliant drawings, even if documents are lost in transit between nominated banks, providing relief to practitioners.
ICC Briefing Takes Up Topic of Lost Documents
In the latest of its ongoing educational series, the ICC Banking Commission addresses the subject of “Documents presented by a
ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
Additional ICC Technical Advisory Briefing Topics Identified
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
