In response to recurrent requests for ICC opinions on the subject, ICC has published recommendations to help clarify requirements, and to guide banks in the correct interpretation and application of the ICC Uniform Customs and Practice for Documentary Credits (UCP) in relation to on board notations.
Prepared by the ICC Commission on Banking Technique and Practice and approved on 27 July, the paper, Recommendations of the Banking Commission in respect of the requirements for an On Board Notation, brings together different forms of issuance of bills of lading,
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