Uniform Customs and Practice for Documentary Credits (ICC Publication No. 600)
All termsThe authoritative international banking rules governing Letters of Credit (LCs) and documentary trade finance.
Uniform Customs and Practice for Documentary Credits (UCP 600) is the set of standard rules governing the issuance, advising, examination, and settlement of commercial Letters of Credit worldwide. It establishes strict documentary compliance standards for transport documents (Articles 19–27), commercial invoices (Article 18), and insurance certificates (Article 28).
Powers the UCP 600 LC Compatibility Simulator, detecting documentary rejections and banking deadlocks prior to cargo dispatch.
Deterministic rule engine evaluating document archetype completeness, carrier issuance authority, and negotiable bill of lading compliance under Art. 19-21.
UCP 600 is an ICC contractual standard; compliance requires exact documentary alignment with LC stipulations.