ICC Rules revision – an update

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

Yuriy Pylypenko

Int'l trade specialist

2 年

ISBP745 is not "ICC rules" even "specifically"...

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Bob Ronai

Retired - at last!

2 年

The meeting in Jakarta in 2017 was a cop-out by the Banking Commission. To say that the majority of national commitees don't want a revision of UCP600 is nonsense simply because those committees are far from representative of the banks in their countries. David, you know it just as I know it, from both our experiences. The ICC's procedures are outdated and cumbersome, but a revision is necessary.

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