Draft Opinion TA926 to be discussed next week
ICC in Paris will host the ICC Global Banking Commission as a hybrid version, meaning there will be both a physical (ICC HQ in Paris) and virtual mode of attending the meetings. The meeting will take place 19-20 October 2022.
The meeting will consist of 3 slots:
* ICC Banking Commission Official Opinion session
* 2022 ICC Trade Register report session
* ICC Banking Commission Plenary meeting
Prior to the meeting the ICC Banking Commission have circulated one Draft Opinions to be discussed and approved:
TA926: Late presentation due to delay by the courier service
The key question raised in the query relates to the fact that a presentation (of corrected documents) was made late to the issuing bank, i.e., whether or not the issuing bank was obligated to honour. The LC was available at the counters of the issuing bank by Deferred Payment.
Already not a review of the query can be found in lcviews premium. Once the Opinion is final, a full review of the Opinion will be added.