What are the most problematic aspects of negotiation in the respect of documentary credits (DCs) and UCP 500? Pavel Andrle has some pretty staunch theories. He is Secretary to the Banking Commission at ICC Czech Republic, a member of the UCP 500 Revision Consulting Group, and an international trade finance consultant.

Published in GTR Vol 3/Issue 5, May/June 2005

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Source: GTR-Global Trade Review is the world’s leading international trade finance magazine, read by and featuring the market’s key banks, credit insurers, corporates, traders, law firms, brokers and consultants. GTR provides timely and in-depth news, leads and analysis on the global trade finance, export finance and risk markets.