UCP 600 ISSUED BY ICC

Category: UCP 600 Issued by ICC

Course objectives

  • Understand the articles of uniform customs and practices issued by the International Chamber of Commerce publication 600 (39 articles) to increase staff effectiveness.

Who Should Attend

  • Staff working in the Trade Finance Department ( L/Cs /Export-Import)

Benefit of Attending

  • By the end of this course you will be able to apply the UCP on all Trade Finance Operations

Course Outline

  • Analysis and applications
  • Case studies
  • Article 1 Application of UCP. 600
  • Article 2 Definitions.
  • Article 3 Interpretations
  • Article 4 Credits v. Contracts
  • Article 5 Documents v. Goods, Services or Performance
  • Article 6 Availability, Expiry Date and Place for Presentation
  • Article 7 Issuing Bank Undertaking
  • Article 8 Confirming Bank Undertaking
  • Article 9 Advising of Credits and Amendments
  • Article 10 Amendments
  • Article 11 Tele transmitted and Pre-Advised Credits and Amendments
  • Article 12 Nomination
  • Article 13 Bank-to-Bank Reimbursement Arrangements
  • Article 14 Standard for Examination of Documents
  • Article 15 Complying Presentation
  • Article 16 Discrepant Documents, Waiver and Notice
  • Article 17 Original Documents and Copies Article 18 Commercial Invoice
  • Article 19 Transport Document Covering at Least Two Different Modes of Transport
  • Article 20 Bill of Lading
  • Article 21 Non-Negotiable Sea Waybill
  • Article 22 Charter Party Bill of Lading
  • Article 23 Air Transport Document
  • Article 24 Road, Rail or Inland Waterway Transport Documents
  • Article 25 Courier Receipt, Post Receipt or Certificate of Posting
  • Article 26 “On Deck”, “Shipper’s Load and Count”, “Said by Shipper to Contain” and Charges Additional to Freight
  • Article 27 Clean Transport Document
  • Article 28 Insurance Document and Coverage
  • Article 29 Extension of Expiry Date or Last Day for Presentation
  • Article 30 Tolerance in Credit Amount, Quantity and Unit Prices
  • Article 31 Partial Drawings or Shipments
  • Article 32 Installment Drawings or Shipments
  • Article 33 Hours of Presentation
  • Article 34 Disclaimer on Effectiveness of Documents
  • Article 35 Disclaimer on Transmission and Translation
  • Article 36 Force Majeure
  • Article 37 Disclaimer for Acts of an Instructed Party
  • Article 38 Transferable Credits
  • Article 39 Assignment of Proceeds
  • Case Studies.