UCP-600-DETAIL
UCP 600 detail 39 Articles documentary credits ICC 2007.
Définition
UCP 600 39 Articles structure : (1) Article 1 Application of UCP. (2) Article 2 Definitions (advising bank, applicant, banking day, beneficiary, complying presentation, confirmation, confirming bank, credit, honour, issuing bank, negotiation, nominated bank, presentation, presenter). (3) Article 3 Interpretations. (4) Article 4 Credits versus Contracts (independence principle - L/C independent of underlying sales contract). (5) Article 5 Documents versus Goods/Services (banks deal with documents only). (6) Article 6 Availability + Expiry Date + Place for Presentation. (7) Article 7 Issuing Bank Undertaking. (8) Article 8 Confirming Bank Undertaking. (9) Article 9 Advising of Credits + Amendments. (10) Article 10 Amendments. (11) Article 11 Teletransmitted + Pre-Advised Credits + Amendments. (12) Article 12 Nomination. (13) Article 13 Bank-to-Bank Reimbursement Arrangements. (14) Article 14 Standard for Examination of Documents (apparent compliance, fresh look principle, on its face only, 5 banking days). (15) Article 15 Complying Presentation. (16) Article 16 Discrepant Documents, Waiver + Notice. (17) Article 17 Original Documents + Copies. (18) Article 18 Commercial Invoice. (19) Article 19 Transport Document Covering at Least Two Different Modes of Transport. (20) Article 20 Bill of Lading. (21) Article 21 Non-Negotiable Sea Waybill. (22) Article 22 Charter Party Bill of Lading. (23) Article 23 Air Transport Document. (24) Article 24 Road, Rail or Inland Waterway Transport Documents. (25) Article 25 Courier Receipt, Post Receipt or Certificate of Posting. (26) Article 26 'On Deck', 'Shipper's Load and Count', 'Said by Shipper to Contain' and Charges Additional to Freight. (27) Article 27 Clean Transport Document. (28) Article 28 Insurance Document + Coverage. (29) Article 29 Extension of Expiry Date or Last Day for Presentation. (30) Article 30 Tolerance in Credit Amount, Quantity + Unit Prices (+/-10% allowed default). (31) Article 31 Partial Drawings or Shipments. (32) Article 32 Instalment Drawings or Shipments. (33) Article 33 Hours of Presentation. (34) Article 34 Disclaimer on Effectiveness of Documents. (35) Article 35 Disclaimer on Transmission + Translation. (36) Article 36 Force Majeure. (37) Article 37 Disclaimer for Acts of an Instructed Party. (38) Article 38 Transferable Credits. (39) Article 39 Assignment of Proceeds.
Origine
UCP first published 1933 ; UCP 600 published 2007 effective 1 juillet 2007 ; eUCP 2.0 published 2019 electronic presentations supplement.
Exemple en contexte
Bank examines presented documents under UCP 600 Article 14 standard for examination : strict compliance principle, documents must comply on their face with terms of L/C, bank examines without reference to underlying contract or goods (Article 4 + 5 independence principle), 5 banking days max examination (Article 14b), invoice values must match L/C amount within 10% tolerance (Article 30c), shipment date must be within latest shipment date specified, presentation must be within 21 days post-shipment + before expiry, discrepancies if any communicated within single notice Article 16d.
Termes liés
- Letter of Credit spec — instrument governed.