UCP-600 summary

UCP stands for Uniform Customs and Practice for Documentary Credit

There are 39 articles

Article 1: Application of UCP
Article 2: Definitions of Advising bank, Application, Banking day, Beneficiary, Complying presentation, Confirmation , Confirming bank, Credit, Honour, Issuing bank, Negotiation,  Nominated Bank, Presentation, Presenter.


Article 3: Interpretations of some terms like from, after, before, between, till, untill, to, first half and second half of the month, beginning middle and end of the month
Example: first half of the month means 1st to 15th day
2nd half of the month means 16th to last day of the months all dates inclusive.
beginning of the month means: 1st to 10th,
middle of the month means: 11th to 20th day
end of the month means : 21th to the last day of the month, all dates inclusive.

Article 4: Credit 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 documents
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: Expiry date of credit
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
Acts of  God, riots, civil commotions, insurrections, wars, acts of terrorism or by any strikes or lockouts or any other causes beyond its control.
Article 37: Disclimer for acts of an Instructed party
Article 38: Transferable Credits
Article 39:  Assignment of Proceeds