News

UCP600 Article 10 (Amendments)… Are you happy with it?

Some have suggested that the current version of Article 10 (Amendments) seems to be working.

Others, particularly in the Middle East, contend that it could be better written. One of the first queries submitted to ICC after UCP600 went into force asked about an as yet unaccepted amendment which does not impact...

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Get Ready for Istanbul’s Annual Survey

The Institute of International Banking Law & Practice’s 2015 Europe Annual Survey of Letter of Credit Law & Practice is fast approaching! Join us on May 14th and 15th at the Ramada Istanbul Taksim in Beyoğlu, Turkey. Some topics slated for the active discussion on May 14th include UCP 700 Wish List, as well as AML...
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The Community Speaks: The UCP700 Wish List

At the 2015 Americas Annual Survey conference in Tampa earlier this month, participants began compiling a list of items to consider for the next UCP revision. Ideas include: removal of standbys; dealing with the absence in UCP600 Art. 7 of reference to documents presented to the confirming bank; clearer treatment of original LCs; incorporation of...
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Honors Bestowed to LC Professionals at Tampa Survey

At the Americas Annual Survey on 12 March, two distinguished members of the LC community are honored for their contributions.

  IIBLP recognized Michael F. Quinn, Managing Director, F.I. Product Executive, JP Morgan Chase, as inaugural recipient of its LC Executive of the Year Award. James G. Barnes (left) and Professor James...
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Welcome to Our New Website and Blog!

As the leading not-for-profit educational resource and research center for international banking law and practice, we have redesigned our website to better serve the trade finance community and support our mission. We hope you will find the new website accessible and easy to navigate, and that you will follow our new blog for insights from...
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Fraudulent Checks Warning

ALERT: Check Fraud Using Institute of International Banking Law & Practice Checks

For more than two years, fraudsters have forged checks that purport to be drawn on Institute accounts and have attempted, sometimes successfully, to cash them or to use them to pay for services or goods, often paying several...
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