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New Draft Opinion from the ICC

End last year, the ICC circulated one new Draft Opinion (TA949) which will be discussed at the February 2025 Banking Commission meeting (to be held in Dubai).

 470/TA949: Copy of Surrendered BL required

The query concerns an LC which calls for “ONE COPY OF SURRENDERED B/L”.

The main questions asked to the ICC is, in this case, if an original may be presented (or only a copy must be presented) and how it is to be reflected on the presented bill of lading that it is “ >... Read The Full Post