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UCP 500 1993

International Chamber of Commerce (ICC)

copy @ Lex Mercatoria

Rights: Copyright ©  1997 International Chamber of Commerce (ICC)


UCP500 1993 - Uniform Customs and Practices for Documentary Credits 1993

A. - General Provisions and Definitions (Articles 1 - 5)
B. - Form and Notification of Credits (Articles 6 - 10)
C. - Liabilities and Responsibilities (Articles 13 - 19)
D. - Documents (Articles 20 - 38)
E. - Miscellaneous Provisions (Articles 39 - 47)
F. - Transferable Credit (Article 48)
G. - Assignment of Proceeds (Article 49)
Obtaining the UCP 500

Article 1 - Application of UCP

Article 2 - Meaning of Credit

Article 3 - Credits v Contracts

Article 4 - Documents v Goods/Services/Performances

Article 5 - Instructions to Issue/Amend 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

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

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

Article 26 - Multimodal Transport Document

Article 27 - Air Transport Document, Road, Rail or Inland Waterway

Article 28 - Transport Documents

Article 29 - Courier and Post Receipts

Article 30 -Transport Documents Issued by Freight Forwarders

Article 31 - "On Deck", "Shipper's Load and Count", Name of Consignor

Article 32 - Clean Transport Documents

Article 33 - Freight Payable/Prepaid Transport Documents

Article 34 - Insurance Documents

Article 35 - Type of Insurance Cover

Article 36 - All Risks Insurance Cover

Article 37 - Commercial Invoices

Article 38 - Other Documents

Article 39 - Allowances in Credit Amount,Quantity and Unit Price

Article 40 - Partial Shipments/Drawings

Article 41 - Instalment Shipments/Drawings

Article 42 - Expiry Date and Place for Presentation of Documents

Article 43 - Limitation on the Expiry Date

Article 44 - Extension of Expiry Date

Article 45 - Hours of Presentation

Article 46 - General Expressions as to Dates for Shipment

Article 47 - Date Terminology for Periods of Shipment

Article 48 - Transferable Credit

Article 49 - Assignment of Proceeds

The substantive text of the UCP 500 is not distributable - ICC Copyright notice and address from which ICC publications may be obtained.).

It is hoped that at some stage these texts will be freely available, and the ICC will collect its publication revenues off the ICC official commented texts.


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Lex Mercatoria