This volume of ICC Banking Commission Opinions contains the Opinions R867 - R885 that were approved by the Commission in 2016. The majority of Opinions relate to transactions subject to UCP. The book also includes Opinions referring to the content of ISBP 681 and 745 and URBPO.
The Banking Commission's Opinions represent the Commission's official interpretations of how ICC rules are to be used in specific situations. Over the years they have provided unrivaled guidance to practitioners and they have also been widely cited.
Practitioners should note that Opinions respond to specific questions raised by queries submitted to the Banking Commission, and the conclusions are very often limited to the facts outlined in that particular case.