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What can UCP 600 do for you?

Bergami, Roberto (2007) What can UCP 600 do for you? Vindobona Journal of International Commercial Law and Arbitration, 11 (1). pp. 1-10. ISSN 1439-9741

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Abstract

This paper considers the implications of the new letter of credit rules, effective from 1 July 2007: Uniform Customs and Practice for Documentary Credits, 2007 Revision,[2] (referred here as UCP 600), particularly as these relate to exporters. The usage of letter of credit transactions is firstly quantified (in value), together with the development of the codification of the rules of the modern day letter of credit. The contractual obligations and the current operational mechanisms are presented next, followed by discussion on the lead up to, and the implementation of the changes brought about by the UCP 600.

Item Type: Article
Uncontrolled Keywords: ResPubID13319, letter of credit rules, Uniform Customs and Practice for Documentary Credits (UCP 600), exporters, letter of credit transactions, contractual obligations
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1402 Applied Economics
SEO Classification > 9103 International Trade
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Depositing User: VUIR
Date Deposited: 30 Aug 2011 00:41
Last Modified: 30 Aug 2011 00:41
URI: http://vuir.vu.edu.au/id/eprint/3181
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