UCP 600

UCP 600 are the latest revision of the Uniform Customs and Practice that govern the operation
of letters of credit.
UCP 600 comes into effect on 01 July 2007
The 39 articles of UCP 600 are a comprehensive and practical working aid to bankers, lawyers,
importers,
and exporters, transport executives, educators, and everyone involved in letter of credit
transactions Worldwide.
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.

UCP were first introduced – to alleviate the confusion caused by individual countries’
promoting their own national rules on letter of credit practice.

UCP were first introduced – to alleviate the confusion caused by individual countries’
promoting their own national rules on letter of credit practice.