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Commentary on UCP 600
Commentary on UCP 600

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Commentary on UCP 600 is the latest version of ICC’s universally used rules on documentary credits. Members of the Drafting Group that developed the new UCP have produced an article-by-article Commentary on the rules that came into effect on July 1, 2007.

“The aim has been to provide a Commentary that enlightens practitioners as to the thought processes behind the changes in each article and to explain why a change was introduced and, in some cases, why no change was made.” - Gary Collyer, Chair of the UCP 600 Drafting Group

Commentary on UCP 600, which reflects the Group’s personal views*, explains the rationale behind the changes in the rules and clarifies the general principles that underlie them. The Drafting Group’s Commentary on UCP 600 examines each of the 39 articles of the new UCP. Each article and sub-article is analyzed under four different topics:
  • The text of the article (or sub-article),
  • The key changes from UCP 500,
  • A commentary explaining the rationale for the new language, and
  • The cross-references to other articles in UCP 600.

Practical, compact and easy-to read, Commentary on UCP 600 will be a reference book of choice for students and users of the new UCP.

*Note that Commentary on UCP 600 reflects the personal views of the UCP Drafting Group. It does not necessarily reflect the views of the full ICC Banking Commission. 
ISBN
9789284200153
Published by
International Chamber of Commerce
Publication Date
2007
Publisher's Ref
E680E
Format
e-book
Extent
163 pages
Language
English
Approx Weight
0.0 kg
HS Code
490199