URR 725
URR 725 URR 725 is the acronym of Uniform Rules for Bank-to-Bank Reimbursements. UNIFORM RULES FOR BANK-TO-BANK REIMBURSEMENTS APPROVED ON 15-16.04.2008. IN FORCE SINCE 01/10/2008 Table of Contents of URR…
Posted inInternational Trade
UCPDC 600 ARTICLE 24
UCPDC 600 ARTICLE 24 ARTICLE 24: Road, Rail or Inland Waterway Transport Documents A road, rail or inland waterway transport document, however named, must appear to: i. indicate the name…
Posted inInternational Trade
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…
Posted inInternational Trade
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…
Posted inInternational Trade
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…
Posted inInternational Trade
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…
Posted inInternational Trade
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…