ICC Austria's Trade Finance Week 2026

Excellent networking opportunity with 400 leading L/C and Bank Guarantee
experts from various sectors and 35+ countries.

Meet and discuss with the world’s leading international experts!

8 - 12 June, Vienna    More information and registration
Early bird registration available up to 6 March! 

ICC Banking Commission - Technical Advisory Briefing No. 17
Handling of ‘surrendered’ bills of lading under documentary credits subject to UCP 600

The latest ICC Banking Commission Technical Advisors Briefing No. 17 clarifies that a surrendered bill of lading is not a separate document but a status of the original bill of lading and that neither UCP 600 nor ISBP currently regulate this concept. Where credits use vague wording, the issuing bank bears the risk of ambiguity.

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Expedited Procedure Provisions - Lessons learned

ICC guidance on expedited arbitration draws on lessons learned, experience and practice of close to 800 expedited procedures. 

• ICC Report: Expedited Procedure Provisions: Eight Years On
• Toolkit for Arbitrators in Expedited Procedures
• Factsheet: ICC Expedited Procedure Provisions (EPP)

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ICC Banking Commission - Technical Advisory Briefing No. 14
Procedure for payment under documentary credits subject to UCP 600

This latest note takes a close look at the procedure for payment under documentary credits subject to UCP600 – exploring how payment flows through nominated, confirming, or presenting banks, and why the issuing bank’s irrevocable undertaking remains the cornerstone.

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