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UCP600: An Analytical Commentary

ucp600 : AnAnalyticalCommentarybyProfessor James E. BYRNED irector, Institute of International BankingLaw & PracticeFaculty, George Mason University School of LawwithVincent M. MAULELLAI nternational Trade Specialist and ConsultantAssociate Director, Institute of InternationalBanking Law & PracticeSOH Chee SengChief Consultant, DCTrade Consultants SingaporeTechnical Advisor on Trade Finance Issuesto the Association of Banks in SingaporeAlexander V. ZELENOVD irector, Financial Institutions,Vnesheconombank MoscowVice Chair, ICC Banking CommissioniiCopyright 2010 All Rights ReservedNo reproduction of this material may be made without express written Institute of International Banking Law & Practice, Ryecroft CourtMontgomery Village, MD 20886 USAP

UCP600: An Analytical Commentary is published by the Institute of International Banking Law & Practice, Inc. Opinions expressed in it do not necessarily reflect the official positions of …

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UCP 600 includes position paper no. 1 principle that an amendment should not include a statement to the effect that if it is not rejected with a certain period of time then it is accepted. This is duly reflected in the “Commentary”.

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