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ICC News Alerts
on UCP 600
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ICC’s
new rules on documentary credits now available
Paris, 4 December 2006
ICC, Publications Department, is pleased to announce the publication of the
2007 Revision of Uniform Customs and Practice for Documentary Credits,
UCP 600.
Source:
http://www.iccwbo.org/iccjjdi/index.html
Banking commission approves revised rules on documentary credits
Paris, 25 October 2006
By a unanimous vote of 91 to 0, the ICC Banking Commission today approved
UCP 600, ICC’s revised rules on documentary credits. This is the first
revision of the rules since UCP 500, the previous version, was approved in
1993. The new rules are the result of more than three years of intensive
work by the banking commission.
Source:
http://www.iccwbo.org/iccjcde/index.html
The approval of
the UCP 600 signals a beginning rather than an end. It goes without saying
the the impelmentation of new LC rules gives birth to many tasks. One of the
most important ones is to aquire a good solid and correct understanding of
the rules. In ordet to get this you need to discuss them. On Bouquet or
Brickbat? LC Specialists will discuss and comment on various aspects of
the rules.
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UCP
600 Commentary: