lcviews premium launched
I am happy
to introduce “lcviews premium.”
“lcviews
premium” is a new and innovative service that links Trade Finance rules to
Trade Finance practice.
Detailed
information – and how to sign up here:
http://www.kimsindberg.com/lcviewspremium.html
We have
worked on this for a long time – for more than 2 years in fact. The idea goes
back many years. I have always thought that there is a huge challenge in
combining Trade Finance Rules (such as UCP 600) to Trade Finance practice (such
as the ICC Opinions).
If – as an
example – one want to understand the practice regarding the addresses of the
applicant and beneficiary to an LC (i.e. the practical application of UCP 600
article 14(j)), then it may be rather hard to locate. For example some of the
ICC Opinions are published in books (based on when the Opinion is approved).
All of them are available in DC-Pro – but not “linked” to the relevant UCP 600
article.
This is
what we are trying to fix with “lcviews premium.”
For this
example lcviews premium includes a page titled “UCP 600 Article 14(j) Standard for Examination of Documents (Addresses
of the beneficiary and the applicant).” This page includes an article
explaining – in a practical way – how article 14(j) is to be applied in
practice.
In addition
it includes “links” to reviews of the ICC Opinions that relates to article
14(j).
There is one
heading for each review. Each can be expanded and collapsed by a single click.
Each ICC Opinion is split into sequences – and you only get the sequence
relevant for the topic / article you read about. Each sequence is a short and focused
review (i.e. not the full text), which makes it easy to get a quick overview of
the practice for – in this example – addresses of the applicant and beneficiary.
Reviews
have been written on all the ICC Opinions issued subject to UCP 600 and URDG
758 – including the ones approved April this year in Dubai.
In other
words: lcviews does NOT include the full text of the UCP 600, ISBP 745, URDG
758, ICC Opinions etc. But it does offer a quick overview of the current
practice related to a certain article, topic, paragraph etc. Easy and
searchable.
Of course
lcviews premium is not static – and it will continue to grow. New ICC Opinions,
DOCDEX Decisions as well as relevant examples from the SingleWindow service
will be added over time.
I hope you
will appreciate this initiative – and any comments, questions and suggestions
are most welcome.
Take care
of each other and the LC.
Best
regards
Kim