UCP 600 Explained — The Letter of Credit Rules Article by Article

The ICC rules almost every documentary credit is issued under, and the articles that decide whether you get paid What UCP 600 is. **UCP 600** — the Uniform Customs and Practice for Documentary Credits, ICC Publication No. 600 — is the set of 39 articles that governs documentary credits worldwide. It has applied since **1 July 2007**. It is not law: it binds the parties when the credit says it is subject to it, which the MT700 does in **field 40E** ('UCP LATEST VERSION'). The ICC's **ISBP 821** sets out how banks apply it when examining documents, and the **eUCP** supplement extends it to electronic presentations. There is no UCP 700: in 2026 the ICC Banking Commission chose an action plan of clarification and guidance over a revision. The articles you will use most. What UCP 600 leaves to the credit and the contract. Put it into practice. Frequently Asked Questions.

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