text: eventofloss,toprocess transfers inaninternationally acceptable manner. TheGuidelines canbeapplied toatransaction between twobankswhenthe receiving bankhasadhered totheGuidelines. Evenwiththesupport of20 ~ countries fortheWorking Party's draft,therestillremained strong opposition bymajorcountries, manyofwhichareresponsible forthehighest volumeoftraffic ininterbank fundtransfers. Members didnotfeelthatthe interbank ruleswouldbeviablewithout thesupport ofthemajorcountries and forthatreasontheCommission decided thatthetextshould beissuedas guidelines. E. ICC: EDI revision 75.The ICC Commission onInternational Commercial Practice hassetup a working partytoprepare rulesforan"EDICredit". Itwillinclude representatives ofbanking, commerce, thevarious service sectors, e.g. transport, insurance, andEdifact, toconsider fullytheneedsand possibilities inrespect oftheuseofelectronic datainterchange (EDI)with aviewtodeveloping an"EDICredit" andappropriate uniform rules,bearing in mindboththecurrent problem areasofcredit, thetechnical difficulties involved inchanging toanelectronic system, andthebasiccommercial purpose ofcredit, whether basedonpaperorEDI.'Suchagroupwillhaveacarefully thought outcomposition calling forinparticular participation bydeveloping countries.• •A/CN.9/336 English Page29 F. ICC: revision ofUCP400 76.The ICC Commission onInternational Commercial Practice hasalsoagreed tosetup athinktankandthereafter aworking partytooutline the parameters ofaUCP400revision. Itreceived manyproposals forsucha revision whichwithout careful discussion couldultimately leadtoarather voluminous manualfordocumentary credits withaconsiderable increase inthe numberofarticles. Thatwouldcreatemoreproblems thanitsolvedasthe handling ofdocumentary credits wouldbeevenmorecomplicated andexpensive thanatpresent. Inordertosimplify bothUCPandthedocumentary credit, andbeforestarting therevision work,ICCwillconduct anenquiry worldwide intotheprospects ofsimplification. VIII. INTERNATIONAL TRANSPORT A.Transport byseaandrelated matters 1.UNCTAD: UnitedNations Convention onConditions for Registration ofShips1986 77.Following theadoption oftheUnitedNations Convention onConditions for Registration ofShipsreported intheprevious reportA/CN.9/324, para.76, theConvention wassignedby 16countries. Asat31December 1989,six countries hadbecomecontracting parties totheConvention. 2.UNCTAD: Guidelines onConvention on a Code of Conduct forLinerConferences 78.Inaccordance withtheprovisions ofarticle 52oftheConvention on a CodeofConduct forLinerConferences, aReviewConference wasconvened in Geneva from 31 October to18 November 1988 inorder"toreviewtheworking of theConvention, withparticular reference toitsimplementation andto consider andadoptappropriate amendments". TheConference wasattended by 102States, including 63Statescontracting parties. Agreement could, however, notbereached ontherulesofprocedure whichshouldbeapplicable totheReviewConference, inparticular asregards totheextenttowhichand mannerinwhichStatesthatwerenotcontracting Parties shouldbeableto participate indecision-making attheReviewConference. Fivesetsof specific issuesrelating toimplementation andworking oftheConvention were identified bytheUNCTADSecretariat asappropriate forconsideration bythe ReviewConference. Thosecovered: theimplications fortheConvention ofthe technological andstructural changes inworldlinershipping; thescopeof application oftheConvention; reservations totheConvention; modalities of implementation; theactivities ofnon-conference linesinlinertradetowhich theConvention applies. 79.Viewsexpressed attheReviewConference indicated thattherewere significant differences between Governments withregardtothetwo interrelated subjects ofthescopeofapplication oftheConvention andthe treatment ofnon-conference lines,aswellaswithregardtotheappropriate
analysis: The text appears to be discussing various international agreements, conventions, and guidelines related to international trade, finance, and commerce. It mentions topics such as electronic data interchange, documentary credits, and liner conferences, which suggests a focus on the facilitation of international transactions. Additionally, the text mentions the involvement of various organizations, including the United Nations and the International Chamber of Commerce, which further supports the idea that the text is related to international trade and commerce.