Description

This volume of ICC Banking Commission Opinions contains the Opinions R867 – R885 that were approved by the Commission in 2016 (Johannesburg – April, Rome – November). This is the first in a new series of Commission Opinion books that will contain the texts of the Opinions approved in a particular year.

As with previous volumes, the majority of Opinions are in respect of transactions subject to UCP.  However, there are also Opinions referring to the content of ISBP 681 and 745 as well as an Opinion on URBPO 750.  Practitioners should note that Opinions respond to specific questions raised by queries submitted to the Banking Commission, and the conclusions are very often limited to the facts outlined in that particular case.