The new ICC Opinions are out
The ICC Banking Commission have just circulated the new Draft Opinions to be discussed at the Banking Commission Technical Meeting to be held in London on 6-9 November 2017.
The Draft Opinions for discussion are in the sequence TA865rev, TA870-873 & TA875-879. I.e. 10 new Opinions (Topics added by me):
TA865-1: Customs Export Declaration not authenticated
TA870-1: Invoice evidences incorrect terms of payment
TA870-2: Invoice and delivery note evidences tolerance per line item
TA870-3: Certificate of analysis evidences text in non-English
TA871-1: How to calculate the maturity date
TA872-1: Tolerance; quantity versus amount
TA873-1: Goods description on invoice inconsistent with LC
TA873-2: Invoice missing incoterms
TA873-3: Does the refusal message comply with article 16
TA875-1: Invoice showing beneficiary as “Company SA-NV” i.o. “Company NV”
TA875-2: Value of goods not equal to unit price multiplied with quantity
TA876-1: LC number incorrect in certificate
TA877-1: Port of discharge differ between B/L and LC
TA878-1: Non-documentay refusal
TA879-1: Interest claim for late payment
Already now reviews of the queries are available in lcviews premium (of course the final answers are not yet available). There are a total of 15 reviews in lcviews premium; one per topic as mentioned above.
A few of those will for sure trigger some discussion at the meeting; but in general really good questions. However also some that are … not so good. For example TA876 is a question that has been asked a number of times: The wrong representation of the LC number on a presented document ….
In any case … some really good stuff. I look forward to take part in the discussions around those – and not least to report about the final ones.
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