UCPDC ARTICLE 1
UCPDC ARTICLE 1 Application of UCP
The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600 (“UCP”) are rules that apply to any documentary credit (“credit”) (including to the extent to which they may be applicable, any standby letter of credit) when the text of the credit expressly indicates that it is subject to this rules. They are binding on all parties thereto unless expressly modified or excluded by the credit.