ICC Uniform Customs and Practice for Documentary Credits (UCP 500) + EUCP (Letters of Credit) - Softcover

9789284213061: ICC Uniform Customs and Practice for Documentary Credits (UCP 500) + EUCP (Letters of Credit)

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Synopsis

ICC Uniform Customs and Practice for Documentary Credits (UCP 500) Supplement to UCP 500 for Electronic Presentation (eUCP) ICC Banking Decisions and Policy Statements: - The determination of an "original" document in the context of UCP 500 sub-Article 20(b) - ICC endorsement of the UNCITRAL convention on independent guarantees and standby letters of credit - The impact of the euro on monetary obligations related to transactions involving ICC rules Selected Opinions of the ICC Banking Commission: - Whether an issuing bank and/or advising bank can give a deadline for the notification of an amendment - Does accepting discrepant documents mean that a bank has to accept similar discrepancies on future drawings? - Whether the phrase "substitute vessel" constitutes a "similar qualification" under sub-Article 23(a)(iii) - Where bill of lading and signatures thereon are produced by imaging technology and sent via the internet, can they qualify as original documents under sub-Article 20(b)?

- Questions concerning whether insurance must be precisely 110 per cent or whether it can by rounded up; if the credit is silent regarding the insurance coverage, must the insurance cover the entire voyage reflected in the transport document?

"synopsis" may belong to another edition of this title.

  • PublisherICC Publishing S.A.
  • Publication date1993
  • ISBN 10 9284213061
  • ISBN 13 9789284213061
  • BindingPaperback
  • LanguageEnglish
  • Number of pages92

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