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LETTERS OF CREDIT, THE UCP600 AND DOCUMENTARY …
www.hfw.cominternational standard banking practice (UCP 600 Article 2). The Bank has a maximum of 5 banking days following the day of presentation to determine if a presentation is complying. (UCP 600 Article 14(b)). The UCP600 imposes a doctrine of strict compliance – the documents must comply - there is no “de minimis” rule. Discrepancies