yugaUCP600英文版

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UCP600
FOREWORD
This revision of the Uniform Customs and Practice for Documentary Credits (commonly
called “UCP”) is the sixth revision of the rules since they were first promulgated in 1933. It
is the fruit of more than three years of work by the International C
hamber of Commerce’s
(ICC) Commission on Banking Technique and Practice.
ICC, which was established in 1919, had as its primary objective facilitating the flow of
international trade at a time when nationalism and protectionism posed serious threats to
the world trading system. It was in that spirit that the UCP were first introduced
–
to
alleviate the confusion caused by individual countries’ promoting their own national rules
on letter of credit practice. The objective, since attained, was to create a set of contractual
rules that would establish uniformity in that practice, so that practitioners would not have
to cope with a plethora of often conflicting national regulations. The universal acceptance
of the UCP by practitioners in countries with widely divergent economic and judicial
systems is a testament to the rules’ success.

It is important to recall that the UCP represent the work of a private international
organization, not a governmental body. Since its inception, ICC has insisted on the central
role of self- regulation in business practice. These rules, formulated entirely by experts in
the private sector, have validated that approach. The UCP remain the most successful set
of private rules for trade ever developed.
A range of individuals and groups contributed to the current revision, which is entitled UCP
600. These include the UCP Drafting Group, which sifted through more than 5000
individual comments before arriving at this consensus text; the UCP Consulting Group,
consisting of members from more than 25 countries, which served as the advisory body
reacting to and proposing changes to the various drafts; the more than 400 members of
the ICC Commission on Banking Technique and Practice who made pertinent
suggestions for changes in the text; and ICC national committees worldwide which took
an active role in consolidating comments from their members. ICC also expresses its
gratitude to practitioners in the transport and insurance industries, whose perceptive
suggestions honed the final draft.
Guy Sebban
Secretary General
International Chamber of Commerce



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UCP600
INTRODUCTION
In May 2003, the International Chamber of Commerce authorized the ICC Commission on
Banking Technique and Practice (Banking Commission) to begin a revision of the Uniform
Customs and Practice for Documentary Credits, ICC Publication 500.
As with other revisions, the general objective was to address developments in the banking,
transport and insurance industries. Additionally, there was a need to look at the language
and style used in the UCP to remove wording that could lead to inconsistent application
and interpretation.
When work on the revision started, a number of global surveys indicated that, because of
discrepancies, approximately 70% of documents presented under letters of credit were
being rejected on first presentation. This obviously had, and continues to have, a negative
effect on the letter of credit being seen as a means of payment and, if unchecked, could
have serious implications for maintaining or increasing its market share as a recognized
means of settlement in international trade. The introduction by banks of a discrepancy fee
has highlighted the importance of this issue, especially when the underlying discrepancies
have been found to be dubious or unsound. Whilst the number of cases involving litigation
has not grown during the lifetime of UCP 500, the introduction of the ICC’s Documentary
Credit Dispute Resolution Expertise Rules (DOCDEX) in October 1997 (subsequently
revised in March 2002) has resulted in more than 60 cases being decided.
To address these and other concerns, the Banking Commission established a Drafting
Group to revise UCP 500. It was also decided to create a second group, known as the
Consulting Group, to review and advise on early drafts submitted by the Drafting Group.
The Consulting Group, made up of over 40 individuals from 26 countries, consisted of
banking and transport industry experts. Ably co-chaired by John Turnbull, Deputy General
Manager, Sumitomo Mitsui Banking Corporation Europe Ltd, London and Carlo Di Ninni,
Adviser, Italian Bankers Association, Rome, the Consulting Group provided valuable input
to the Drafting Group prior to release of draft texts to ICC national committees.
The Drafting Group began the review process by analyzing the content of the official
Opinions issued by the Banking Commission under UCP 500. Some 500 Opinions were
reviewed to assess whether the issues involved warranted a change in, an addition to or a
deletion of any UCP article. In addition, consideration was given to the content of the four
Position Papers issued by the Commission in September 1994, the two Decisions issued
by the Commission (concerning the introduction of the euro and the determination of what
constituted an original document under UCP 500 sub-article 20(b) and the decisions
issued in DOCDEX cases.
During the revision process, notice was taken of the considerable work that had been
completed in creating the
International Standard Banking Practice for the Examination of
Documents under Documentary Credits
(ISBP), ICC Publication 645. This publication has
evolved into a necessary companion to the UCP for determining compliance of documents
with the terms of letters of credit. It is the expectation of the Drafting Group and the
Banking Commission that the application of the principles contained in the ISBP, including
subsequent revisions thereof, will continue during the time UCP 600 is in force. At the time
UCP 600 is implemented, there will be an updated version of the ISBP to bring its contents
in line with the substance and style of the new rules.
The four Position Papers issued in September 1994 were issued subject to their
application under UCP 500; therefore, they will not be applicable under UCP 600. The
essence of the Decision covering the determination of an original document has been
incorporated into the text of UCP 600. The outcome of the DOCDEX cases were
invariably based on existing ICC Banking Commission Opinions and therefore contained
no specific issues that required addressing in these rules.
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UCP600
One of the structural changes to the UCP is the introduction of articles covering definitions
(article 2) and interpretations (article 3). In providing definitions of roles played by banks
and the meaning of specific terms and events, UCP 600 avoids the necessity of repetitive
text to explain their interpretation and application. Similarly, the article covering
interpretations aims to take the ambiguity out of vague or unclear language that appears
in letters of credit and to provide a definitive elucidation of other characteristics of the UCP
or the credit.
During the course of the last three years, ICC national committees were canvassed on a
range of issues to determine their preferences on alternative texts submitted by the
Drafting Group. The results of this exercise and the considerable input from national
committees on individual items in the text is reflected in the content of UCP 600. The
Drafting Group considered, not only the current practice relative to the documentary credit,
but also tried to envisage the future evolution of that practice.
This revision of the UCP represents the culmination of over three years of extensive
analysis, review, debate and compromise amongst the various members of the Drafting
Group, the members of the Banking Commission and the respective ICC national
committees. Valuable comment has also been received from the ICC Commission on
Transport and Logistics, the Commission on Commercial Law and Practice and the
Committee on Insurance.
It is not appropriate for this publication to provide an explanation as to why an article has
been worded in such a way or what is intended by its incorporation into the rules. For
those interested in understanding the rationale and interpretation of the articles of UCP
600, this information will be found in the Commentary to the rules, ICC Publication 601,
which represents the Drafting Group’s views.

On behalf of the Drafting Group I would like to extend our deep appreciation to the
members of the Consulting Group, ICC national committees and members of the Banking
Commission for their professional comments and their constructive participation in this
process.
Special thanks are due to the members of the Drafting Group and their institutions, who
are listed below in alphabetical order.
Nicole Keller
–
Vice President, Service International Products, Dresdner Bank AG,
Frankfurt, Germany; Representative to the ICC Commission on Banking Technique and
Practice;
Laurence Kooy
–
Legal Adviser, BNP Paribas, Paris, France; Representative to the ICC
Commission on Banking Technique and Practice.
Katja Lehr
–
Business Manager, Trade Services Standards, SWIFT, La Hulpe, Belgium,
then Vice President, Membership Representation, International Financial Services
Association, New Jersey, USA; Representative to the ICC Commission on Banking
Technique and Practice;
Ole Malmqvist
–
Vice President, Danske Bank, Copenhagen, Denmark; Representative to
the ICC Commission on Banking Technique and Practice;
Paul Miserez
–
Head of Trade Finance Standards, SWIFT, La Hulpe, Belgium;
Representative to the ICC Commission on Banking Technique and Practice;
René
Mueller
–
Director, Credit Suisse, Zurich, Switzerland; Representative to the ICC
Commission on Banking Technique and Practice;



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UCP600
Chee Seng Soh
–
Consultant, Association of Banks in Singapore, Singapore;
Representative to the ICC Commission on Banking Technique and Practice;
Dan Taylor
–
President and CEO, International Financial Services Association., New
Jersey USA; Vice Chairman, ICC Commission on Banking Technique and Practice;
Alexander Zelenov
–
Director, Vnesheconombank, Moscow, Russia; Vice Chairman, ICC
Commission on Banking Technique and Practice;
Ron Katz
–
Policy Manager, ICC Commission on Banking Technique and Practice,
International Chamber of Commerce, Paris, France.
The undersigned had the pleasure of chairing the Drafting Group.
It was through the generous giving of their knowledge, time and energy that this revision
was accomplished so successfully. As Chair of the Drafting Group, I would like to extend
to them and to their institutions my gratitude for their contribution, for a job well done and
for their friendship. I would also like to extend my sincere thanks to the management of
ABN AMRO Bank N.V., for their understanding, patience and support during the course of
this revision process.

Gary Collyer
Corporate Director,
ABN AMRO Bank N.V., London, England
and Technical Adviser to the ICC Commission on Banking Technique and Practice
November 2006

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UCP600

Content

Article 1 Application of UCP
.
.................... .................................................. ...........................................
6
Article 2 Definitions
.
............... .................................................. .................................................. ............
6
Article 3 Interpretations . .................................................. .................................................. .....................
7
Article 4 Credits v. Contracts
................................. .................................................. ...............................
7
Article 5 Documents v. Goods, Services or Performance .... .................................................. .................
8
Article 6 Availability, Expiry Date and Place for Presentation ..................................... ..........................
8
Article 7 Issuing Bank Undertaking
.
................ .................................................. .....................................
8
Article 8 Confirming Bank Undertaking
.
................................................. ...............................................
9
Article 9 Advising of Credits and Amendments
.
.............................. .................................................. .....
9
Article 10 Amendments ............ .................................................. .................................................. ........
10
Article 11 Teletransmitted and Pre-Advised Credits and Amendments ................................................
10
Article 12 Nomination ................. .................................................. .................................................. ..... 11
Article 13 Bank-to-Bank Reimbursement Arrangements ..................................... ................................ 11
Article 14 Standard for Examination of Documents
........ .................................................. ................... 11
Article 15 Complying Presentation
................................. .................................................. ....................
12
Article 16 Discrepant Documents, Waiver and Notice .......... .................................................. .............
13
Article 17 Original Documents and Copies ............................. .................................................. ...........
13
Article 18 Commercial Invoice
.
................................. .................................................. .........................
14
Article 19 Transport Document Covering at Least Two Different Modes of Transport
.
.......................
14
Article 20 Bill of Lading
................ .................................................. .................................................. ...
15
Article 21 Non-Negotiable Sea Waybill
.
................................. .................................................. ............
16
Article 22 Charter Party Bill of Lading
.
.......................... .................................................. ....................
18
Article 23 Air Transport Document
.
...................... .................................................. ..............................
18
Article 24 Road, Rail or Inland Waterway Transport Documents
.
............................... .........................
19
Article 25 Courier Receipt, Post Receipt or Certificate of Posting
.
................................. .....................
20
Article
26

Deck

Load
and
Count
“Said
by
Shipper
to
Contain” and
Cha
rges
Additional to Freight
.
................................. .................................................. .........................................
21
Article 27 Clean Transport Document .......... .................................................. ......................................
21
Article 28 Insurance Document and Coverage ... .................................................. ................................
21
Article 29 Extension of Expiry Date or Last Day for Presentation
.
.................... ..................................
22
Article 30 Tolerance in Credit Amount, Quantity and Unit Prices
.
................ .......................................
22
Article 31 Partial Drawings or Shipments...... .................................................. .....................................
22
Article 32 Instalment Drawings or Shipments .. .................................................. ..................................
23
Article 33 Hours of Presentation
.
.... .................................................. .................................................. ..
23
Article 34 Disclaimer on Effectiveness of Documents ....................... ..................................................
23
Article 35 Disclaimer on Transmission and Translation .................................. .....................................
23
Article 36 Force Majeure ..................... .................................................. ...............................................
23
Article 37 Disclaimer for Acts of an Instructed Party
............................. ..............................................
24
Article 38 Transferable Credits ....... .................................................. .................................................. ..
24
Article 39 Assignment of Proceeds ................................................ .................................................. .....
25





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UCP600
Article 1 Application of UCP
The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC
Publication no. 600 (“UCP”) are rules that apply to any documentary credit (“credit”)
(including, to the extent to which they may be applicable, any standby letter of credit)
when the text of the credit expressly indicates that it is subject to these rules. They are
binding on all parties thereto unless expressly modified or excluded by the credit.
Article 2 Definitions
For the purpose of these rules:
Advising bank
means the bank that advises the credit at the request of the issuing bank.
Applicant
means the party on whose request the credit is issued.
Banking day
means a day on which a bank is regularly open at the place at which an act
subject to these rules is to be performed.
Beneficiary
means the party in whose favour a credit is issued.
Complying presentation
means a presentation that is in accordance with the terms and
conditions of the credit, the applicable provisions of these rules and international standard
banking practice.
Confirmation
means a definite undertaking of the confirming bank, in addition to that of
the issuing bank, to honour or negotiate a complying presentation.
Confirming bank
means the bank that adds its confirmation to a credit upon the issuing
bank
’s authorization or request.

Credit
means any arrangement, however named or described, that is irrevocable and
thereby constitutes a definite undertaking of the issuing bank to honour a complying
presentation.
Honour
means:
a.
to pay at sight if the credit is available by sight payment.
b.
to incur a deferred payment undertaking and pay at maturity if the credit is available
by deferred payment.
c.
to accept a bill of exchange (“draft”) drawn by the beneficiary and pay at maturity if
the credit is available by acceptance.
Issuing bank
means the bank that issues a credit at the request of an applicant or on its
own behalf.
Negotiation
means the purchase by the nominated bank of drafts (drawn on a bank other
than the nominated bank) and/or documents under a complying presentation, by
advancing or agreeing to advance funds to the beneficiary on or before the banking day
on which reimbursement is due to the nominated bank.
Nominated bank
means the bank with which the credit is available or any bank in the
case of a credit available with any bank.
Presentation
means either the delivery of documents under a credit to the issuing bank or
nominated bank or the documents so delivered.
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UCP600
Presenter
means a beneficiary, bank or other party that makes a presentation.
Article 3 Interpretations
For the purpose of these rules:
Where applicable, words in the singular include the plural and in the plural include the
singular.
A credit is irrevocable even if there is no indication to that effect.
A document may be signed by handwriting, facsimile signature, perforated signature,
stamp, symbol or any other mechanical or electronic method of authentication.
A requirement for a document to be legalized, visaed, certified or similar will be satisfied
by any signature, mark, stamp or label on the document which appears to satisfy that
requirement.
Branches of a bank in different countries are considered to be separate banks.
Terms such as
or
beneficiary to issue that document.
Unless required to be used in a document, words such as
soon as possible
The expression
to occur during a period of five calendar days before until five calendar days after the
specified date, both start and end dates included.
The words
hen used to determine a period of
shipment include the date or dates mentioned, and the words “before” and
the date mentioned.
The words “from” and
mentioned.
The terms
1st to the 15th and the 16th to the last day of the month, all dates inclusive.
The terms
the 1st to the 10th, the 11th to the 20th and the 21st to the last day of the month, all dates
inclusive.
Article 4 Credits v. Contracts
a
. A credit by its nature is a separate transaction from the sale or other contract on which it
may be based. Banks are in no way concerned with or bound by such contract, even if
any reference whatsoever to it is included in the credit. Consequently, the undertaking
of a bank to honour, to negotiate or to fulfil any other obligation under the credit is not
subject to claims or defences by the applicant resulting from its relationships with the
issuing bank or the beneficiary.
A beneficiary can in no case avail itself of the contractual relationships existing between
banks or between the applicant and the issuing bank.
b
. An issuing bank should discourage any attempt by the applicant to include, as an



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UCP600
integral part of the credit, copies of the underlying contract, proforma invoice and the
like.
Article 5 Documents v. Goods, Services or Performance
Banks deal with documents and not with goods, services or performance to which the
documents may relate.
Article 6 Availability, Expiry Date and Place for Presentation
a
. A credit must state the bank with which it is available or whether it is available with any
bank. A credit available with a nominated bank is also available with the issuing bank.
b
. A credit must state whether it is available by sight payment, deferred payment,
acceptance or negotiation.
c
. A credit must not be issued available by a draft drawn on the applicant.
d
.
i.
A credit must state an expiry date for presentation. An expiry date stated for honour or
negotiation will be deemed to be an expiry date for presentation.
ii
. The place of the bank with which the credit is available is the place for presentation.
The place for presentation under a credit available with any bank is that of any bank.
A place for presentation other than that of the issuing bank is in addition to the place
of the issuing bank.
e
. Except as provided in sub-article 29 (a), a presentation by or on behalf of the
beneficiary must be made on or before the expiry date.
Article 7 Issuing Bank Undertaking
a.
Provided that the stipulated documents are presented to the nominated bank or to the
issuing bank and that they constitute a complying presentation, the issuing bank must
honour if the credit is available by:
i.
sight payment, deferred payment or acceptance with the issuing bank;
ii.
sight payment with a nominated bank and that nominated bank does not pay;
iii.
deferred payment with a nominated bank and that nominated bank does not incur its
deferred payment undertaking or, having incurred its deferred payment undertaking,
does not pay at maturity;
iv.
acceptance with a nominated bank and that nominated bank does not accept a draft
drawn on it or, having accepted a draft drawn on it, does not pay at maturity;
v.
negotiation with a nominated bank and that nominated bank does not negotiate.
b
. An issuing bank is irrevocably bound to honour as of the time it issues the credit.
c.
An issuing bank undertakes to reimburse a nominated bank that has honoured or
negotiated a complying presentation and forwarded the documents to the issuing bank.
Reimbursement for the amount of a complying presentation under a credit available by
acceptance or deferred payment is due at maturity, whether or not the nominated bank
prepaid or purchased before maturity. An issuing bank's undertaking to reimburse a
nominated bank is independent of the issuing bank’s undertaking to the beneficiary.

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UCP600
Article 8 Confirming Bank Undertaking
a.
Provided that the stipulated documents are presented to the confirming bank or to any
other nominated bank and that they constitute a complying presentation, the
confirming bank must:
i.
honour, if the credit is available by
a.
sight payment, deferred payment or acceptance with the confirming bank;
b.
sight payment with another nominated bank and that nominated bank does not
pay;
c.
deferred payment with another nominated bank and that nominated bank does
not incur its deferred payment undertaking or, having incurred its deferred
payment undertaking, does not pay at maturity;
d.
acceptance with another nominated bank and that nominated bank does not
accept a draft drawn on it or, having accepted a draft drawn on it, does not pay
at maturity;
e.
negotiation with another nominated bank and that nominated bank does not
negotiate.
ii.
negotiate, without recourse, if the credit is available by negotiation with the
confirming bank.
b.
A confirming bank is irrevocably bound to honour or negotiate as of the time it adds its
confirmation to the credit.
c.
A confirming bank undertakes to reimburse another nominated bank that has honoured
or negotiated a complying presentation and forwarded the documents to the confirming
bank. Reimbursement for the amount of a complying presentation under a credit
available by acceptance or deferred payment is due at maturity, whether or not another
nominated bank prepaid or purchased before maturity. A confirming bank's undertaking
to reimburse another nominated bank is independent of the confirming ba
nk’s
undertaking to the beneficiary.
d.
If a bank is authorized or requested by the issuing bank to confirm a credit but is not
prepared to do so, it must inform the issuing bank without delay and may advise the
credit without confirmation.
Article 9 Advising of Credits and Amendments
a
. A credit and any amendment may be advised to a beneficiary through an advising bank.
An advising bank that is not a confirming bank advises the credit and any amendment
without any undertaking to honour or negotiate.
b
. By advising the credit or amendment, the advising bank signifies that it has satisfied
itself as to the apparent authenticity of the credit or amendment and that the advice
accurately reflects the terms and conditions of the credit or amendment received.
c
. A
n advising bank may utilize the services of another bank (“second advising bank”) to
advise the credit and any amendment to the beneficiary. By advising the credit or
amendment, the second advising bank signifies that it has satisfied itself as to the
apparent authenticity of the advice it has received and that the advice accurately
reflects the terms and conditions of the credit or amendment received.



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UCP600
d.
A bank utilizing the services of an advising bank or second advising bank to advise a
credit must use the same bank to advise any amendment thereto.
e
. If a bank is requested to advise a credit or amendment but elects not to do so, it must so
inform, without delay, the bank from which the credit, amendment or advice has been
received.
f
. If a bank is requested to advise a credit or amendment but cannot satisfy itself as to the
apparent authenticity of the credit, the amendment or the advice, it must so inform,
without delay, the bank from which the instructions appear to have been received. If the
advising bank or second advising bank elects nonetheless to advise the credit or
amendment, it must inform the beneficiary or second advising bank that it has not been
able to satisfy itself as to the apparent authenticity of the credit, the amendment or the
advice.
Article 10 Amendments
a
. Except as otherwise provided by article 38, a credit can neither be amended nor
cancelled without the agreement of the issuing bank, the confirming bank, if any, and
the beneficiary.
b.
An issuing bank is irrevocably bound by an amendment as of the time it issues the
amendment. A confirming bank may extend its confirmation to an amendment and will
be irrevocably bound as of the time it advises the amendment. A confirming bank may,
however, choose to advise an amendment without extending its confirmation and, if so,
it must inform the issuing bank without delay and inform the beneficiary in its advice.
c.
The terms and conditions of the original credit (or a credit incorporating previously
accepted amendments) will remain in force for the beneficiary until the beneficiary
communicates its acceptance of the amendment to the bank that advised such
amendment. The beneficiary should give notification of acceptance or rejection of an
amendment. If the beneficiary fails to give such notification, a presentation that
complies with the credit and to any not yet accepted amendment will be deemed to be
notification of acceptance by the beneficiary of such amendment. As of that moment the
credit will be amended.
d.
A bank that advises an amendment should inform the bank from which it received the
amendment of any notification of acceptance or rejection.
e.
Partial acceptance of an amendment is not allowed and will be deemed to be
notification of rejection of the amendment.
f
. A provision in an amendment to the effect that the amendment shall enter into force
unless rejected by the beneficiary within a certain time shall be disregarded.
Article 11 Teletransmitted and Pre-Advised Credits and Amendments
a
. An authenticated teletransmission of a credit or amendment will be deemed to be the
operative credit or amendment, and any subsequent mail confirmation shall be
disregarded.
If a teletransmission states
that the mail confirmation is to be the operative credit or amendment, then the
teletransmission will not be deemed to be the operative credit or amendment. The
issuing bank must then issue the operative credit or amendment without delay in terms
not inconsistent with the teletransmission.
b
. A preliminary advice of the issuance of a credit or amendment (“pre
-
advice”) shall only
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UCP600
be sent if the issuing bank is prepared to issue the operative credit or amendment. An
issuing bank that sends a pre-advice is irrevocably committed to issue the operative
credit or amendment, without delay, in terms not inconsistent with the pre-advice.
Article 12 Nomination
a.
Unless a nominated bank is the confirming bank, an authorization to honour or
negotiate does not impose any obligation on that nominated bank to honour or
negotiate, except when expressly agreed to by that nominated bank and so
communicated to the beneficiary.
b.
By nominating a bank to accept a draft or incur a deferred payment undertaking, an
issuing bank authorizes that nominated bank to prepay or purchase a draft accepted or
a deferred payment undertaking incurred by that nominated bank.
c.
Receipt or examination and forwarding of documents by a nominated bank that is not a
confirming bank does not make that nominated bank liable to honour or negotiate, nor
does it constitute honour or negotiation.
Article 13 Bank-to-Bank Reimbursement Arrangements
a.
If a credit states that reimbursement is to be obtained by a nominated bank (
bank
reimbursement is subject to the ICC rules for bank-to-bank reimbursements in effect on
the date of issuance of the credit.
b.
If a credit does not state that reimbursement is subject to the ICC rules for bank-to-bank
reimbursements, the following apply:
i.
An issuing bank must provide a reimbursing bank with a reimbursement authorization
that conforms with the availability stated in the credit. The reimbursement
authorization should not be subject to an expiry date.
ii
. A claiming bank shall not be required to supply a reimbursing bank with a certificate
of compliance with the terms and conditions of the credit.
iii
. An issuing bank will be responsible for any loss of interest, together with any
expenses incurred, if reimbursement is not provided on first demand by a
reimbursing bank in accordance with the terms and conditions of the credit.
iv
. A reimbursing bank's charges are for the account of the issuing bank. However, if
the charges are for the account of the beneficiary, it is the responsibility of an issuing
bank to so indicate in the credit and in the reimbursement authorization. If a
reimbursing bank's charges are for the account of the beneficiary, they shall be
deducted from the amount due to a claiming bank when reimbursement is made. If
no reimbursement is made, the reimbursing bank's charges remain the obligation of
the issuing bank.
c
. An issuing bank is not relieved of any of its obligations to provide reimbursement if
reimbursement is not made by a reimbursing bank on first demand.
Article 14 Standard for Examination of Documents
a
. A nominated bank acting on its nomination, a confirming bank, if any, and the issuing
bank must examine a presentation to determine, on the basis of the documents alone,
whether or not the documents appear on their face to constitute a complying
presentation.



11
UCP600
b.
A nominated bank acting on its nomination, a confirming bank, if any, and the issuing
bank shall each have a maximum of five banking days following the day of presentation
to determine if a presentation is complying. This period is not curtailed or otherwise
affected by the occurrence on or after the date of presentation of any expiry date or last
day for presentation.
c
. A presentation including one or more original transport documents subject to articles 19,
20, 21, 22, 23, 24 or 25 must be made by or on behalf of the beneficiary not later than
21 calendar days after the date of shipment as described in these rules, but in any event
not later than the expiry date of the credit.
d
. Data in a document, when read in context with the credit, the document itself and
international standard banking practice, need not be identical to, but must not conflict
with, data in that document, any other stipulated document or the credit.
e.
In documents other than the commercial invoice, the description of the goods, services
or performance, if stated, may be in general terms not conflicting with their description in
the credit.
f.
If a credit requires presentation of a document other than a transport document,
insurance document or commercial invoice, without stipulating by whom the document
is to be issued or its data content, banks will accept the document as presented if its
content appears to fulfil the function of the required document and otherwise complies
with sub-article 14 (d).
g
. A document presented but not required by the credit will be disregarded and may be
returned to the presenter.
h.
If a credit contains a condition without stipulating the document to indicate compliance
with the condition, banks will deem such condition as not stated and will disregard it.
i.
A document may be dated prior to the issuance date of the credit, but must not be dated
later than its date of presentation.
j
. When the addresses of the beneficiary and the applicant appear in any stipulated
document, they need not be the same as those stated in the credit or in any other
stipulated document, but must be within the same country as the respective addresses
mentioned in the credit. Contact details (telefax, telephone, email and the like) stated as
part of the beneficiary’s and the applicant’s address will be disregarded. However, when
the address and contact details of the applicant appear as part of the consignee or
notify party details on a transport document subject to articles 19, 20, 21, 22, 23, 24 or
25, they must be as stated in the credit.
k.
The shipper or consignor of the goods indicated on any document need not be the
beneficiary of the credit.
l.
A transport document may be issued by any party other than a carrier, owner, master or
charterer provided that the transport document meets the requirements of articles 19,
20, 21, 22, 23 or 24 of these rules.
Article 15 Complying Presentation
a
. When an issuing bank determines that a presentation is complying, it must honour.
b
. When a confirming bank determines that a presentation is complying, it must honour or
negotiate and forward the documents to the issuing bank.
c.
When a nominated bank determines that a presentation is complying and honours or
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