Edited by Gary Collyer & Dave Meynell
Click here to see a sample decision from the book
The DOCDEX system is a rapid and cost-effective means of resolving letter of credit disputes through an expert decision. Cases are decided by a panel of three impartial experts having experience in, and knowledge of, trade finance transactions. Said experts are selected from a list maintained by the ICC Banking Commission. The experts' decision is further scrutinized by the Technical Adviser to the ICC Banking Commission to ensure that it conforms to applicable ICC Banking Rules and/or international standard practice in trade finance.
Covering cases from 2013-2016, this is the fourth volume in the series of DOCDEX Decisions. It includes 30 Decisions providing valuable insights into the reasoning behind the experts’ final judgments on the disputes in question.
A significant development that has been introduced in this collection is the inclusion of an abstract for all decisions. This approach allows for an encapsulation of key information and summarises each conclusion.
Two important indices are also available:
- Cross-reference of each DOCDEX decision against the relevant ICC rules, which have been divided into articles and sub-articles of UCP, URR, URC, URDG and paragraphs of ISBP.
- Cross-reference to keywords in both the abstracted and full versions of the decisions.
Various versions of ICC rules have been covered: UCP 500/600, URC 522, URR 725, URDG 458/758 and ISBP 681/745. The majority of decisions have application to UCP (16), one of which applies to UCP 500. An analysis of the UCP articles that have attracted the most queries reveals that issues surrounding discrepant documents predominate, followed closely by the standard for examination of documents. It is clear that it is in this area that a lack of knowledge of key procedures can cause problems.
The e-pub includes a copy of:
- the DOCDEX Rules,
- Uniform Customs and Practice for Documentary Credits (UCP 600) and
- International Standard Banking Practice for the Examination of Documents (ISBP)
The collection of DOCDEX Decisions complement the ICC Banking Commission Opinions. Together, they are indispensable aids to practitioners seeking to understand how ICC rules are applied in daily practice.
About the Editors
From Nov 1996 until June 2013, Gary Collyer was the Senior Technical Adviser to the ICC Banking Commission, where he was primarily responsible for providing numerous opinions related to the application and interpretation of ICC rules. In his ICC role, Gary has been chair of the ICC Working Group for the development of the ISP98, the strategy for a revision of UCP500 and a member of the ICC Working Groups for the development and subsequent revision of URR525 and e-UCP. More recently, he was Chair of the Working group for drafting UCP 600, ISBP681 and 745 and URBPO.
Editor of seven ICC opinion and DOCDEX publications, he is also editor of the 5th edition CDCS syllabus book Guide to Documentary Credits (2015), also editor of the International Trade Finance publication (9th edition) (2007). He has also producred eleven volumes of frequestly asked questions under UCP 600. He is a regular lead speaker at ICC and other external seminar events ona global basis. Gary also holds the title of “Visiting Professor” with LIBF.
Dave is the owner of TradeLC Advisory, an established trade consultancy business. He previously worked for Deutesche Bank in a number of international locations for more than 30 years in a trade career encompassing Operations, System Development, Sales and Product Management.
He is Senior Technical Advisor for the ICC Banking Commission and has been involved in numerous ICC drafting groups including e—UCP, ISP98, ISBP 745 and URBPO. Dave is an editorial advisory board member of Documentary World and a contributing editor to Trade Services update. Over the years, he has been a frequent coordinator and speaker at trade events globally providing workshops and training events to banks, corporates, logistics and technology partners.