ICC Document & publication

International Standard Banking Practice (ISBP) – Corrigenda

The following changes have to be read in conjunction with the original English edition of the ISBP, first published by the ICC in January 2003.

In October 2002, the ICC Banking Commission approved a document entitled “International Standard Banking Practice for the Examination of Documents under Documentary Credits (ISBP)”.

In June 2003, several refinements to the text were issued in the form of a “corrigenda”. Note that only one of these changes (concerning paragraph 187) was a substantive change. The other changes were minor and mechanical and have no impact on the substance.

The International Chamber of Commerce has launched Incoterms® 2020, an update of the renowned regulations that define the responsibilities of buyers and sellers operating in the international trade system.

Sign up to our news alerts today to receive the latest news and information about the Incoterms® rules.