Among the 82 International Chamber of Commerce opinions contained in "ICC Banking Commission Opinions 2012-2016" (ICC Publication No.785E)，perhaps the most difficult one to comprehend is R795 (TA820rev4) -- which deals with a bank credit that is amended. In the following analysis，I will try to demonstrate the problems with the logic behind this opinion and how it deals with the issue of what is referred to as "without taking into account the amendment."

In order to better understand the issue，below is the full text of opinion R795:

When a credit is amended and the beneficiary makes a subsequent presentation under it，but without taking into account the amendment，is the amendment considered rejected or can it be accepted at a later date by the beneficiary for use with any future presentations?

One of the members of our National Committee has made the following query regarding practical application of Uniform Customs and Practice for Documentary Credits 600 sub-article 10 (c).