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ISBP revision process – v3 out for comments

As you may know, there is an ongoing revision of ISBP 821 – (International Standard Banking Practice for the Examination of Documents under UCP 600).

As a short background, the ICC National Committees were asked to provide feedback on their preferred option from the below choices:

* maintain the current version of ISBP 821

* initiate a limited revision of the identified issues

* move forward with a full, formal revision process.

The majority response was to proceed with a limited revision of ISBP 821, based upon identified issues.

On the back of that, January 2025 a version of ISBP was circulated with suggested changes on the identified issues. The deadline for comments to this was end March 2025.

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