Commentary on UCP 600

The International Chamber of Commerce (ICC) has established rules on documentary credits worldwide for more than 70 years. UCP 600, the latest version of ICC's universally used rules on documentary credits, was implemented on July 1, 2007.

Commentary on UCP 600 is written by members of the UCP 600 Drafting Group and reflects the Drafting Group's personal views. Each article or sub-article is analyzed under four different topics including the text of the article the key changes from UCP 500 the rationale for the new language and cross-references to other articles in UCP 600.

Commentary on UCP 600 provides invaluable insight into the thinking of those who drafted UCP 600. It will be the reference book of choice for students and users of letter of credit rules.

The International Chamber of Commerce, the World Business Organization, based in Paris, is the global leader in the development of standards, rules and reference guides for international trade.