Transcription of ISBP - UCP 600
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ISBP - UCP 600
INFO WORKSHEET International Standard Banking Practices ISBP regulated under UCP 600 International Standard Banking Practices Dynamic Business Development, Inc. Page 2 of 33 ISBP - UCP 600 INFORMATION Contents ISBP- .. 5 INTERNATIONAL STANDARD BANKING 5 Foreword .. 5 Introduction .. 7 The Application and Issuance of the Credit .. 8 Abbreviations .. 9 Certifications and Declarations .. 9 Corrections and Alterations .. 9 Dates .. 9 Documents for which the UCP 600 Transport Articles Do Not Apply .. 10 Expressions Not Defined in UCP 600 .. 11 Issuer of Documents .. 11 Language .. 11 Mathematical Calculations .. 11 Misspellings or Typing Errors .. 11 Multiple Pages and Attachments or Riders .. 12 Originals and Copies .. 12 Shipping Marks .. 13 Signatures .. 13 Title of Documents and Combined Documents .. 13 Tenor .. 15 Maturity Date .. 15 Banking Days, Grace Days, Delays in Remittance.
The ISBP, as it is commonly called, provided an intelligent checklist of items document checkers could refer to in determining how ICC's rules on documentary credits, at the time called UCP 500, applied in daily practice. As such, it filled a
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