ICC Uniform Customs and Practice for Documentary Credits (UCP 600)

HEADLINE: Inconsistent documentary credit practices hindered global trade efficiency.

Key Obligations

["Strict compliance of documents with LC terms", "Examination of documents within 5 banking days", "Complying presentation requirements"]

Penalty Ranges

Refusal of payment; civil liability

Affected HS Codes: []

Issuing Authority: International Chamber of Commerce (ICC)