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UCP 500 & 400 Compared
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ICC Publication No.: 511
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UCP 500 & 400 Compared
An Article-by-Article Detailed Analysis of the UCP 500 Compared with the UCP 400
ICC No. 511
Paperback
8 1/2 inches x 12 inches
1993 Edition
134 pages
UCP 500 and 400 Compared was developed to train managers, supervisors and general practitioners of international trade in critical areas of the UCP 500 Rules. It pays particular attention to those Articles that have been the source of misunderstanding, misapplication and litigation.
UCP 500 and 400 Compared incorporates, not only the texts of UCP 500 and UCP 400, but also extensive commentaries on the rationale for the rewrite of the Articles.
Whatever your interest in the UCP 500, ICC's UCP 500 and 400 Compared will serve as a unique reference to respond to your questions. You will want to have this volume on your desk when you engage in a documentary credit transaction.
Table of Contents
A. General Provisions and Definitions
Application of UCP 500
Meaning of Credit
Credits v. Contracts
Documents v. Goods / Services / Performances
Instructions to Issue / Amend Credits
B. Form and Notification of Credits
Revocable v. Irrevocable Credits
Advising Bank's Liability
Revocation of a Credti
Liability of Issuing and Confirming Banks
Types of Credit
Teletransmitted and Pre-Advised Credits
Incomplete or Unclear Instructions
C. Liabilities and Responsibilities
Standard for Examination of Documents
Discrepant Documents and Notice
Disclaimer on Effectiveness of Documents
Disclaimer on the Transmission of Messages
Force Majeure
Disclaimer for Acts of an Instructed Party
Bank-to-Bank Reimbursement Agreements
D. Documents
Ambiguity as to the Issuers of Documents
Unspecified Issuers or Contents of Documents
Issuance Date of Documents v. Credit Date
Marine/Ocean Bill of Lading
Non-Negotiable Sea Waybill
Charter Party Bill of Lading
Multimodal Transport Document
Air Transport Document
Road, Rail or Inland Waterway Transport Documents
Courier and Post Receipts
Transport Documents Issued by Freight Forwarders
"On Deck", "Shipper's Load and Count", Name of Consignor
Clean Transport Documents
Freight Payable/Prepaid Transport Documents
Insurance Documents
Type of Insurance Cover
All Risks Insurance Cover
Commercial Invoices
Other Documents
E. Miscellaneous Provisions
Allowances in Credit Amount, Quantity and Unit Price
Partial Shipments/Drawings
Installment Shipment /Drawings
Expiry Date and Place for Presentation of Documents
Limitation on the Expiry Date
Extension of Expiry Date
Hours of Presentation
General Expressions as to Dates for Shipment
Date Terminology for Periods of Shipment
F. Transferable Credit
Transferable Credit
G. Assignment of Proceeds
Assignment of Proceeds
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