Uniform Customs and Practice for Documentary Credits (UCPDC 500).


A. General Provisions and Definitions

Article 1. Application of UCP

Article 2. Meaning of Credit

Article 3. Credits vs. Contracts

Article 4. Documents vs. Goods/Services/Performances

Article 5. Instructions to issue/amend Credits


B. Form and Notification of Credits

Article 6. Revocable v. Irrevocable Credits

Article 7. Advising Bank’s Liability

Article 8. Revocation of a Credit

Article 9. Liability of Issuing and Confirming Banks

Article 10. Types of Credit

Article 11. Teletransmitted and Pre-Advised Credits

Article 12. Incomplete or Unclear Instructions


C. Liabilities and Responsibilities

Article 13. Standard for Examination of Documents

Article 14. Discrepant Documents and Notice

Article 15. Disclaimer on Effectiveness of Documents

Article 16. Disclaimer on the Transmission of Messages

Article 17. Force Majeure

Article 18. Disclaimer for Acts of an Instructed Party

Article 19. Bank-to-Bank Reimbursement Arrangements


D. Documents

Article 20. Ambiguity as to the Issuers of Documents

Article 21. Unspecified Issuers or Contents of Documents

Article 22. Issuance Date of Documents v. Credit Date

Article 23. Marine/Ocean Bill of Lading

Article 24. Non-Negotiable Sea Waybill

Article 25. Charter Party Bill of Lading