@stonemuse

A portraiture of London! It is Babel. In greatness, in confusion, and in change; but yet there's order in it.

 London, UK
Joined September 2009
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Check out my latest article: ICC Banking Commission Technical Advisory Briefing No. 4 linkedin.com/pulse/icc-banki… via @LinkedIn

ICC Banking Commission Technical Advisory Briefing No. 4

This covered Documents presented by a nominated or confirming bank under UCP 600 and lost in transit and was published in September 2022, link below. TA Briefing No.

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Check out my latest article: ICC eRules Alignment linkedin.com/pulse/icc-erule… via @LinkedIn

ICC eRules Alignment

As reported in our separate blog summarising the ICC Banking Commission meeting held in Paris in October 2022, an issue was raised in respect of a possible alignment of both eUCP Version 2.0 and eURC...

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Check out my latest article: ISBP 745 review linkedin.com/pulse/isbp-745-… via @LinkedIn

ISBP 745 review

As mentioned in a separate blog, the recent ICC Banking Commission meeting held in Paris in October 2022, finished with a report on possible ICC Rules revisions. ISBP 745

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Check out my latest article: ICC Final Opinions October 2022 linkedin.com/pulse/icc-final… via @LinkedIn

ICC Final Opinions October 2022

Only one Opinion was discussed at the recent ICC Banking Commission meeting in Paris. TA.

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Check out my latest article: Electronic Trade Documents Bill linkedin.com/pulse/electroni… via @LinkedIn

Electronic Trade Documents Bill

In September 2020, the Department for Digital, Culture, Media and Sport (DCMS) in the UK asked the UK Law Commission to make recommendations to solve the problems caused by the law’s approach to the...

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Check out my latest article: ICC Banking Commission October 2022 linkedin.com/pulse/icc-banki… via @LinkedIn

ICC Banking Commission October 2022

The meeting was held over two days, and a number of key points are summarised below. ICC Banking Commission October 2022

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Check out my latest article: ICC Rules revision – an update linkedin.com/pulse/icc-rules… via @LinkedIn

ICC Rules revision – an update

One of the sessions at the recent October 2022 Plenary meeting of the ICC Banking Commission in Paris addressed a possible revision of ICC rules, specifically UCP 600 and ISBP 745. ICC Rules Revision

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Check out my latest article: ICC Banking Commission Technical Advisory Briefing No. 2 linkedin.com/pulse/icc-banki… via @LinkedIn

ICC Banking Commission Technical Advisory Briefing No. 2

This covered the meaning of ‘without delay' in UCP 600 and was published in April 2022 Technical Advisory Briefing No. 2

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Check out my latest article: ICC Banking Commission Technical Advisory Briefing No. 1 linkedin.com/pulse/icc-banki… via @LinkedIn

ICC Banking Commission Technical Advisory Briefing No. 1

This covered Non-documentary conditions in Documentary Credits subject to UCP 600 and was published in January 2022 TA Briefing No. 1

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We are thrilled the Centre for Digital Trade & Innovation is bringing together thought-leaders and experts who are passionate digitalisation advocates, to support the acceleration of the adoption of digital standards and to push for essential legal reform.
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Check out my latest article: Back to Basics – Documentary Collection Types linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Collection Types

A collection can be defined as - "The delivery of a draft, promissory note or cheque and/or documents by a bank to a third party (i.e.

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Check out my latest article: Back to Basics – Documentary Credit – Document Preparation linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Document Preparation

Discrepancies can be avoided in a presentation by paying more attention to detail and reducing the amount of unnecessary data that is included on the documents. https://www.

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Check out my latest article: Back to Basics – Documentary Credit – Non-standard conditions linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Non-standard conditions

Non-standard conditions

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Check out my latest article: Back to Basics – Documentary Credit – Discrepant Documents linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Discrepant Documents

Depending upon which international trade magazine or article you may read, the worldwide rejection rate for documents (on first presentation) is in the region of 65-80%. Discrepant Documents

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Check out my latest article: Back to Basics – Documentary Credit – Document Negotiation & Financing linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Document Negotiation & Financing

One more in the series of 'back-to-basics' Negotiation & Financing

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Check out my latest article: Back to Basics – Documentary Credit – Document Examination linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Document Examination

A document examiner will usually undertake a number of preliminary checks Document Examination

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Check out my latest article: Back to Basics – Documentary Credit – Document Presentation linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit – Document Presentation

A covering schedule that accompanies the documents should include a reference number and contact details of the presenter in the event of any problems. Document Presentation

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Check out my latest article: Back to Basics – Documentary Credit Transfer & Assignment linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit Transfer & Assignment

Transfer & Assignment

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Check out my latest article: Back to Basics – Documentary Credit Advising & Confirmation linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit Advising & Confirmation

Although there is no obligation for an issuing bank to advise a documentary credit through the intermediary of an advising bank, such action facilitates the beneficiary being informed that the...

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Check out my latest article: Back to Basics – Documentary Credit Amendment linkedin.com/pulse/back-basi… via @LinkedIn

Back to Basics – Documentary Credit Amendment

An amendment will generally arise following a request made by the beneficiary to the applicant. Doc Credit Amendment

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