This important volume contains the official Opinions issued by the International Chamber of Commerce's Banking Commission during the years 2012-2016 in the sequence TA755rev to TA840rev. The 82 Opinions included in these pages reflect how ICC's universally used rules of letters of credit, bank-to-bank reimbursements, documentary collections and demand guarantees are applied in everyday practice. This is the latest in a celebrated series of ICC books of Opinions dating back more than four decades.
The Opinions in this volume respond to specific questions raised by queries submitted to the Banking Commission from practitioners the world over. The bulk of the Opinions respond to questions raised concerning the latest version of the ICC's Uniform Customs and Practice for Documentary Credits (UCP 600), and the International Standard Banking Practice for the Examination of Documents under Documentary Credits (ISBP publication numbers 681 and 745). The UCP and ISBP publications are the irreplaceable texts practitioners adhere to when framing transactions using letters of credit.
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