The UK co-chaired the drafting of UCP600 rule book for trade finance payments and benefits from a technical opinions group full of world renowned legal and banking experts. The group reviews payment issues from ICC’s international banking network and inputs UK positions into the ICC Banking Commission ahead of global meetings where decisions are agreed. This service is only available to ICC members and feeds in to the Banking Committee.
The UK has co-chaired the drafting of the last four editions of ICC’s Incoterms, the rulebook for buyers and sellers of goods worldwide. There will be a technical advisory group available to ICC members after the publication of the next edition of Incoterms in 2019. The group will feed into the Commercial Law and Practice Committee.
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