Purpose: This paper introduces the ICC opinions related to the revision of ISBP 821 and the content of the ISBP revision to trade and finance practitioners who handle letters of credit. Hence, they can apply the latest ISBP when examining documents related to letters of credit and reviewing the presented documents. Research design, data, and methodology: This paper analyzed the ICC opinions and related cases and revised paragraphs of ISBP 821. Results: ISBP 821 is the latest guidance for reviewing documents under the letters of credit, reflecting the practices agreed upon by the ICC National Committee, and is a must-know for letter of credit beneficiaries to prepare and present documents to the nominated bank or issuing bank. Therefore, financial institutions, including banks, and traders that handle letters of credit, must be aware of the revised ISBP 821. Conclusions: ISBP 821 is a rule that must be observed when presenting and reviewing a letter of credit in accordance with UCP 600. If the parties to the letter of credit do not abide by ISBP 821, they will be judged accordingly by the ICC Banking Committee, and there is a high likelihood of losing in court.