UCP 600: Bank Obligations under UCP 600
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UCP 600: Bank Obligations under UCP 600

Intuition Publishing
Updated Sep 24, 2020

UCP 600 is intended to harmonize terms, rules, and procedures in trade finance transactions involving documentary credits. We discuss the obligations that UCP 600 imposes on the different banks taking part in international trade finance. We then examine the key article changes between UCP 500 and UCP 600.

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