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Table of contents

Editor's note by Ron Katz
Upheaval in L/C-based commodity markets by Mark Ford
Incoterms® 2010 in China by Wang Shanlun
Documentary Dialogue: UCP Article 12 Two contrasting views of UCP article 12 by Rupnarayan Bose and Jim Barnes
Expert commentary Discrepancies: the beneficiary's continuing problems by Roberto Bergami
The Insight interview: Vincent O'Brien What the ICC's Global Survey on Trade Finance has taught us
Queries and responses Three recent Banking Commission opinions
The tightening vice on Iran
Special Section: The Bank Payment Obligation (BPO) The BPO and the future of trade finance by AndréCasterman
The BPO: a banker's perspective by David Meynell
Right of Response Status of the received for shipment bill of lading by Michael Peiris
Point of view Availability and negotiation: how to avoid confusion by Pavel Andrle
International bulletin Reports from China and Israel
Insurance documents The insured in insurance documents by Wang Xuehui (Ofei)
In brief