Uniform Customs and Practice for Documentary Credits

Uniform Customs and Practice for Documentary Credits
(UCP)
Produced by the International Chamber of Commerce (ICC), an international set of rules governing the rights and obligations of traders and banks under letters of credit. The most recent edition is the UCP 600, the successor to the UCP 500, which came into effect on 1 July 2007.
ICC website:

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Uniform Customs and Practice for Documentary Credits — The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilised by bankers and commercial parties in more than 175 countries in trade finance. Some 11 15% of… …   Wikipedia

  • Uniform Customs and Practice for Commercial Documentary Credits — (UCP) A publication of the International Chamber of Commerce which codifies the widespread understanding of bankers and merchants about the mechanics and operations of letters of credit. The UCP is law in the sense that the typical commercial… …   Black's law dictionary

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  • Einheitliche Richtlinien und Gebräuche für Dokumenten-Akkreditive (ERA) — Uniform Customs and Practice for Documentary Credits; Regelwerk für die Eröffnung und Abwicklung von Dokumentenakkreditiven (⇡ Akkreditiv), das unter der Federführung der Internationalen Handelskammer Paris (⇡ ICC) entwickelt worden ist. Die ERA… …   Lexikon der Economics

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • commercial transaction — ▪ economics Introduction       in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …   Universalium

  • Унифицированные правила и обычаи для документарных аккредитивов — (англ. Uniform Customs and Practice for Documentary Credits (UCP)) свод правил, выработанный мировой практикой проведения расчётов в форме документарного аккредитива. Документ разработан и опубликован Международной торговой палатой… …   Википедия

  • International Chamber of Commerce — The International Chamber of Commerce is a non profit, private international organization that works to promote and support global trade and globalization. It serves as an advocate of some world businesses in the global economy, in the interests… …   Wikipedia

  • Accréditif — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …   Wikipédia en Français

  • Crédit Documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …   Wikipédia en Français

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