eUCP 2.1 or the Uniform Customs and Practice for Documentary Credits for Electronic Presentation Version 2.1 is a supplement to the UCP 600. It was published by the International Chamber of Commerce (ICC) in order to accommodate presentation of electronic records under a letter of credit. The eUCP 2.1 applies to a letter of credit … Read more
URR 725 are the Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits. These rules are published by the International Chamber of Commerce (ICC). The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits will apply to any bank-to-bank reimbursement only when the text of the reimbursement authorization expressly indicates that is is subject to these rules. … Read more
UCP 600 stands for “Uniform Customs and Practice for Documentary Credits, 600.” It is a set of rules published by the International Chamber of Commerce (ICC) that govern the use of documentary credits in international trade. A documentary credit or a letter of credit is a financial instrument that acts as a guarantee of payment … Read more
