Posted inInternational Trade
UCPDC 600 ARTICLE 22-23
UCPDC 600 ARTICLE 22-23 ARTICLE 22 : Charter Party Bill of Lading A bill of lading , however named, containing an indication that it is subject to a charter party…
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UCPDC 600 ARTICLE 20-21
UCPDC 600 ARTICLE 20-21 ARTICLE 20 : Bill of Lading A bill of lading however named, must appear to: i. indicate the name of the carrier and be signed by:…
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UCPDC 600 ARTICLE 18-19
UCPDC 600 ARTICLE 18-19 ARTICLE 18: Commercial Invoice a. A commercial invoice: i. must appear to have been issued by the beneficiary (except as provided in article 38) ii. must…
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UCPDC 600 ARTICLE 15-17
UCPDC 600 ARTICLE 15-17 ARTICLE 15:Complying Presentation a. When an issuing bank determines that a presentation is complying, it must honour. b. When a confirming bank determines that a presentation…
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UCPDC 600 ARTICLE 12-14
UCPDC 600 ARTICLE 12-14 ARTICLE 12:Nomination a. Unless a nominated bank is the confirming bank, an authorization to honour or negotiate does not impose any obligation on that nominated bank to…
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UCPDC ARTICLE 10-11
UCPDC ARTICLE 10-11 ARTICLE 10: Amendments a. Except as otherwise provided by article 38, a credit can neither be amended nor cancelled without the agreement of the issuing bank, the…
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UCPDC ARTICLE 1
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…