Commentary on UCP 600, Article-by-Article Analysis by the UCP 600 Drafting Group

Article-by-Article Analysis by the UCP 600 Drafting Group
Erscheinungsjahr 2007
ISBN: 978-90-411-3181-2
Verlag: Wolters Kluwer

Buch, Englisch, 168 Seiten

The International Chamber of Commerce (ICC) has established rules on
documentary credits worldwide for more than 70 years. UCP 600, the latest
version of ICC’s universally used rules on documentary credits, came into
effect on July 1, 2007.

Members of the Drafting Group that developed the new UCP have produced an
article-by-article Commentary on the rules. Commentary on UCP 600,
which reflects the Group’s personal views*, explains their rationale behind
the changes in the rules and clarifies the general principles that underlie
them.

The Drafting Group’s Commentary on UCP 600 examines each of the
39 articles of the new UCP. Each article and sub-article is analyzed under
four different topics:

;

the text of the article (or sub-article),

the key changes from UCP 500,

a commentary explaining the rationale for the new language, and

the cross-references to other articles in UCP 600.

Practical, compact and easy-to read, Commentary on UCP 600 will be a
reference book of choice for students and users of the new UCP.

An ICC Services publication, distributed by Kluwer Law International

Autoren/Hrsg.

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht

Inhaltsverzeichnis

- Article 1 Application of UCP
- Article 2 Definitions
- Article 3 Interpretations
- Article 4 Credits 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
- 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 or 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 Disclaimer on Effectiveness of Documents
- Article 35 Disclaimer on Transmission and Translation
- Article 36 Force Majeure
- Article 37 Disclaimer for Acts of an Instructed Party
- Article 38 Transferable Credits
- Article 39 Assignment of Proceeds