Get Ucp Latest Version 700 Pdf

eUCP VERSION 2.0 - ICC Uniform Customs and Practice for Documentary Credits - ICC - International Chamber of Commerce.

The UCP 600 which contains 39 Articles, compared to its predecessor UCP 500 which contained 49 Articles.

1. How often is UCP revised? There are no fixed intervals for the revision of UCPs. The first UCP was published in 1933 and has been updated five times since then up until the latest UCP 600, which came into effect on 1st July 2007.

The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication which is issued by the International Chamber of Commerce (ICC). It is a set of 39 articles on issuing and using Letters of Credit, which applies to 175 countries around the world, constituting some $1tn USD of trade per year.

First published in 1933, and revised on five occasions since the latest version of UCP is UCP 600.

700 (“UCP”) are rules that apply to any documentary credit (“credit”) when the text of the credit expressly indicates that it is subject to these rules. They are binding on all parties thereto unless expressly modified or excluded by the credit.

The latest (July 2007) revision of UCP is the sixth revision of the rules since they were first promulgated in 1933. It is the outcome of more than three years of work by the ICC's Commission on Banking Technique and Practice.

The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication which is issued by the International Chamber of Commerce (ICC). It is a set of 39 articles on issuing and using Letters of Credit, which applies to 175 countries around the world, constituting some $1tn USD of trade per year.