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UCPDC-600. Articles of new UCPDC 600 ICC Rules.
Super Admin

By Super Admin
Published on 2 July 2007
Uniform Customs and Practice for Documentary Credits (UCPDC 600), 2007 Revision, ICC Publication no. 600 (UCP) has total 39 articles effected from July 1, 2007.

UCPDC-600. Articles 1 to 20
Article 1: Application of UCP

Article 2: Definitions

Common definition of -
   Advising Bank
   Banking Day
   Complying Presentation
   Confirming Bank
   Issuing Bank
   Nominated Bank

Article 3: Interpretation

Interpretation of words such as 'first class', 'qualified', 'well known', 'official', 'competent', 'independent', 'local', 'prompt', 'immediately', 'as soon as possible', 'on or about', 'to', 'until', 'till', 'between', 'from', 'before', 'after', 'first half', 'second half', 'middle', 'beginning', 'end', etc and its effects.

Article 4: Credit v. Contracts

Article 5: Documents v. Goods, Services or Performance

Article 6: Availability, Expiry Date and Place for Presentation

Article 7: Issuing Bank Undertaking

Article 8: Confirming Bank Undertaking

Article 9: Advising of Credits and Amendments

Article 10: Amendments

Article 11: Teletransmitted and Pre-Advised Credits and Amendments

Article 12: Nomination

Article 13: Bank-to-Bank Reimbursement Arrangements

Article 14: Standard for Examination of Documents

Article 15: Complying Presentation

Article 16: Discrepant Documents, Waiver and Notice

Article 17: Original Documents and Copies

Article 18: Commercial Invoice

Article 19: Transport Document Covering at least Two Different Modes of Transport

Article 20: Bill of Lading

UCPDC-600. Articles 21-39 of new UCPDC.
Article 21: Non-Negotiable Sea Waybill

Article 22: Charter Party Bill of Lading

Article 23: Air Transport Document

Article 24: Road, Rail or Inland Waterway Transport Documents

Article 25: Courier Receipt, Post Receipt of Certificate of Posting

Article 26: "On Deck", "Shipper's Load and Count", "Said by Shipper to Contain" and Charges Additional to Freight.

Article 27: Clean Transport Document

Article 28: Insurance Document and Coverage

Article 29: Extension of Expiry Date or Last Day for Presentation

Article 30: Tolerance in Credit Amount, Quantity and Unit Prices

Article 31: Partial Drawings or Shipments

Article 32: Instalment Drawings or Shipments

Article 33: Hours of Presentation

Article 34: Disclimer on Effectiveness of Documents

Article 35: Disclimer on Transmission and Translation

Article 36: Force Majeure

Article 37: Disclimer for Acts of an Instructed Party

Article 38: Transferable Credits

Article 39: Assignment of Proceeds.