Standard of Documentary Compliance in letter of Credit Cases

The 1993 revision of Article 13 of the Uniform Customs and Practices for Documentary Credits (UCP500), as drafted by the International Chamber of Commerce…

4 minute readJuly 02, 2001 at 12:58 AM

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The 1993 revision of Article 13 of the Uniform Customs and Practices for Documentary Credits (UCP500), as drafted by the International Chamber of Commerce (ICC), set the standard for banks in their examination of documents presented by the beneficiary for payment.

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