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Table of contents

Editor's note by Ron Katz
Asia, Africa and the Middle East drive L/C markets by Mark Ford
Banking Commission news The Default Registry Working Group
Queries and responses Recent Banking Commission Opinions
The Insight interview: Georges Affaki The early days of URDG 758
Expert commentary Banking charges and ICC Banking Commission Opinion TA 700rev by Wang Shanlun
Swift News Bringing the Bank Payment Obligation to market by David Hennah
Iranian sanctions and the UAE
International bulletin Reports from China and the Russian Federation By Simon Jian and G. Kobakhidzé
Visit iccbooks.com
Case Study A risk-free trade finance transaction? by Jee Meng Chen
Right of response A contrary view: L/Cs are instruments of finance by Peter Sproston
Transport documents The phrase “forwarder’s bill of lading not acceptable” by Sheilar T. Shaffer
Documentary dialogue Are there ambiguities in defining “beneficiary” in UCP 600? by A.T.M Nesarul Hoque and Donald Smith
Iraqi bank bombed
The UCP in court Court cases on signature verification and negotiation by Chang-Soon Thomas Song and King-tak Fung
In brief