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Expert Commentaries

  • THE ISSUE OF DISCREPANCIES AND THE ROLE OF THE DOCUMENTARY CREDIT

    If you ask a banker, an exporter, an international cargo insurance specialist, a carrier or a freight forwarder, what the biggest problem is when d...
  • Notations and Multimodal Transport Documents

    In the autumn 2009 issue of DCInsight, Haluk Erdemol tackled on board notations as they apply to a B/L and multimodal transport documents (multimodal bills of lading). This is perhaps the most controversial issue that has emerged in UCP 600 so far, and his article was an excellent contribution to the ongoing debate, which hopefully will be resolved some time soon. Here I would like to add some personal comments. Bill of lading First, it is unfortunate that this confusion took place, as it was, in my view, clearly avoidable.
  • The “fraud exception” and the L/C independence principle

    The “fraud exception” and the L/C independence principle As L/C practitioners know, the documentary credit is a bank’s undertaking to pay against ...
  • URDG IMPLEMENTATION WORLDWIDE

    After a rapid and efficient revision of the URDG, the new rules came into effect on 1 July. Still, the new URDG 758 will rightly remain high on the ICC Banking Commission agenda for some time, for the revision is not the end of the story. In fact, it’s the beginning of a no less important task: implementing the rules as efficiently as possible! Based on my experience with seminars and the on-going implementation of URDG 758 in my country, I’d like to share my thoughts with the readers of eBSI TradeBrief.