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Copyright © International Chamber of Commerce (ICC). All rights reserved.
( Source of the document: ICC Digital Library )
Each time we do a survey of our readers to ask them what sections of DCInsight are most helpful to them, their overwhelming first choice is Queries and responses. The Banking Commission official Opinions published in this section are those which have not yet appeared in book form, so we classify them as "unpublished Opinions".
Since books of opinions only come out every three years or so, this gives our readers a leg up on practitioners who wait for the published books to appear. Of course, subscribers to DC-PRO, the ICC/Coastline website, are able to access these opinions much earlier.
That being said, the latest book of Commission Opinions has just come out. It covers the period 2009-2011 and contains all of the 69 Opinions decided by the Commission during this period. Though most of the Opinions in the book deal with UCP 600, others concern ISBP 681, UCP 500, URC 522 and URDG 758. The URDG Opinions are particularly noteworthy, because they are the first to appear under the revised URDG, which came into effect in 2011. The book is available at www.iccbooks.com
We hope you'll forgive this shameless plug, but we include it here because these are books that practitioners worldwide like to have as ready reference tools.
Of course, this DCInsight, as usual, has a wide range of other thought-provoking articles, among them Glenn Ransier's informative piece on force majeure and how it is treated in different sets of ICC rules. Glenn knows whereof he speaks: his bank was destroyed in the 9/11 attacks on the World Trade Center.
Another article worth noting is Kim Sindberg's on UCP 600 article 32. This topic, which deals with instalment drawing and shipments, is rarely written about, and Kim uncovers some interesting points in his discussion, particularly with regard to the phrase "instalments within given periods".