International Standard Banking Practice (ISBP 2013)

International Standard Banking Practice (ISBP 2013)
By ICC Banking Commission
Order your copy now at our International Bookstore

This new ISBP is the most up to date and comprehensive guide to handling and examining trade documents under documentary credits.  Completely revised, ISBP 2013 enables to apply banking practices under UCP 600 to various trade documents, e.g., invoices, transport documents, bills of lading, and certificate of origin.  ISBP also addresses documents, not treated in previous editions:

  • Packing list
  • Weight list
  • Beneficiary certificate
  • Non-negotiable sea waybills
  • Analysis, inspection, health, quantity and quality certificate

 

ISBP is the best reference book in banking practices for international letters of credit documents subject to UCP 600. Use of ISBP has significantly reduced international discrepancies for documentary credits and is regularly used by banking, logistics, insurance, legal and corporate professionals and academics worldwide.  It is a great companion book with UCP 600.

Uniform Rules for Bank Payment Obligations (URBPO)

Uniform Rules for Bank Payment Obligations (URBPO)
By ICC Banking Commission (ICC)
Order your copy now at our International Bookstore

The first ever set of standards on Bank Payment Obligations have just been drafted jointly by SWIFT and the ICC.  URBPO lays out rules for payment between banks, a sort of letters of credit between these banks which seeks to establish uniformity of practice in the world market.

BPO benefits include:

  • Mitigating risks in international trade for buyers and sellers alike
  • Speed, reliability, convenience
  • Reduced costs and improved accuracy
  • Enhanced risk management
  • Assurance of payment
  • Access to flexible financing
  • Securing the supply chain

INCOTERMS® 2010 Q&A

INCOTERMS® 2010 Q&A
Questions and expert ICC guidance on the Incoterms® 2010 rules
Edited by Emily O’Connor
Order your copy now at our International Bookstore

The latest in a series of best-selling books, INCOTERM® 2010 Q&A. This publication brings together expert guidance and practical tools to enable readers to use the Incoterms® rules to their strategic advantage. Helping users understand and benefit from ICC’s world-famous Incoterms® rules.

Containing answers to more than 80 real-life questions on Incoterms® rules posed by users, this publication will help readers to better understand Incoterms® rules, avoid costly mistakes and use the rules in the most efficient way.  Also, this publication includes additional materials and helpful guidance such as:

  • Frequently-asked general questions on the Incoterms® 2010 rules
  • Guidance Notes for each of the 11 Incoterms® 2010 rules
  • A comprehensive glossary of commonly-used trade terms
  • Flowcharts and checklists to help readers manage the relevant documents related to a sale or purchase

 

A practical “one-stop shop” for traders and those who advise them, Incoterms® 2010 Q&A can help avoid mistakes arising from dangerous inconsistencies between the contract of sale and related documents, such as letters of credit and contracts of carriage.

ICC Guide to Export/Import

ICC Guide to Export/Import
Global Standards for International Trade, 4th Edition
Order your copy now at our International Bookstore

International trade is one of the primary engines of increasing your sales! The ICC Guide to Export-Import is an easy-to-understand introduction to international trade and at the same time a detailed handbook for the experienced practitioner. Completely updated, the fourth edition of this much acclaimed volume contains an extended analysis of new rules and crucial topics such as:

  • Incoterms® 2010
  • The legal framework and dispute resolution in international business
  • Transport risks, customs and cargo insurance
  • Online documentation and e-commerce
  • Tips and tricks for negotiating international contracts
  • Intellectual property and more

 

Developed in consultation with top experts at the International Chamber of Commerce (ICC), this vital handbook will help traders and students of international business face the challenges of a globalized world and make the most of international markets.

Incoterms® 2010

Incoterms®2010
ICC Official Rules for the Interpretation of Trade Terms
Order your copy now at our International Bookstore

The first Incoterms® rules were released in 1936 by the International Chamber of Commerce.  They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law.  ICC’s Incoterms® help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods.

International trade becomes more and more complex.  Therefore, universally used rules are essential to avoid misunderstandings and costly disputes.  Regularly incorporated into sales contracts worldwide, Incoterms® rules define the responsibilities of sellers and buyers for the delivery of goods.  Incoterms® 2010 continues a 70-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules.  A new classification system divides the 11 Incoterms® rules into two distinct groups:

Rules for any mode of transport: EXW  FCA  CPT  CIP  DAT  DAP  DDP

Rules for waterway transport: FAS  FOB  CFR  CIF

In addition to the 11 rules, Incoterms® 2010 includes:

  • Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;
  • New classification to help choosing the most suitable rule in relation to the mode of transport;
  • Advice for the use of electronic procedures;
  • Information on security-related clearances for shipments;
  • Advice for the use of Incoterms® 2010 in domestic trade.

USCIB Spring 2008 Seminar Series

Letters of Credit: Are the New Rules Working?

3778_image002Nearly one year after UCP 600 went into effect on July 1, 2007, problems and challenges have emerged in the practical application of these rules that impact current trade practice and can increase your payment risk.

It’s time to ask – how are the new rules really working in practice?

Join USCIB for a full day seminar in any one of five locations, where you will have the opportunity to examine the issues, clarify the major changes in the rules and assess your risks – from the standpoint of new insights gained from current trade practice.   Whether you have already attended a seminar on the topic or this is your first in-depth look at the new rules, this seminar brings fresh and important perspectives to your understanding of the impact and risks to your business.

Our instructor, Don Smith, is a well-known speaker and writer on trade finance and brings a wealth of real world experience to the topic.   In his role as an expert member of the International Chamber of Commerce’s Banking Commission, Mr. Smith represented the United States in the ICC’s updating of its longstanding benchmark rules that resulted in the revised UCP 600.  He is uniquely qualified to address the rule and its impact on trade practice.

Registration fee is $395 and includes all materials, continental breakfast and buffet lunch.  USCIB members are entitled to a 10 percent discount.

Seminar Locations: (click on event date to register online)

May 5 – New York, NY
Hosted by:  Bank of New York Mellon

May 15 – Chicago, IL
Holiday Inn Chicago Mart Plaza (Riverview)

May 19 – Burlington, MA
Hosted by:  TD Banknorth

May 20 – Lyndhurst, NJ
Hosted by: TD Banknorth and Commerce Bank

For a copy of the seminar brochure, including registration form, please click HERE.

For more information, please contact Debbie Siu at dsiu@uscib.org or 212-703-5062.

Order your copy of UCP 600 from ICC Books USA

More on USCIB’s Banking Committee

ICC website