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UCP500 1993 - Uniform Customs and Practices for Documentary Credits 1993 1

A. - General Provisions and Definitions (Articles 1 - 5) 2

Article 1 - Application of UCP

3

Article 2 - Meaning of Credit

4

Article 3 - Credits v Contracts

5

Article 4 - Documents v Goods/Services/Performances

6

Article 5 - Instructions to Issue/Amend Credits7

B. - Form and Notification of Credits (Articles 6 - 10) 8

Article 6 - Revocable v Irrevocable Credits9

Article 7 - Advising Bank's Liability

10

Article 8 - Revocation of a Credit11

Article 9 - Liability of Issuing and Confirming Banks

12

Article 10 - Types of Credit

13

Article 11 - Teletransmitted and Pre-Advised Credits

14

Article 12 - Incomplete or Unclear Instructions

15

C. - Liabilities and Responsibilities (Articles 13 - 19) 16

Article 13 - Standard for Examination of Documents

17

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Article 14 - Discrepant Documents and Notice

18

Article 15 - Disclaimer on Effectiveness of Documents

19

Article 16 - Disclaimer on the Transmission of Messages

20

Article 17 - Force Majeure

21

Article 18 - Disclaimer for Acts of an Instructed Party

22

Article 19 - Bank-to-Bank Reimbursement Arrangements23

D. - Documents (Articles 20 - 38) 24

Article 20 - Ambiguity as to the Issuers of Documents25

Article 21 - Unspecified Issuers or Contents of Documents

26

Article 22 - Issuance Date of Documents v Credit Date

27

Article 23 - Marine/Ocean Bill of Lading

28

Article 24 - Non-Negotiable Sea Waybill

29

Article 25 - Charter Party Bill of Lading

30

Article 26 - Multimodal Transport Document

31

Article 27 - Air Transport Document, Road, Rail or Inland Waterway

32

Article 28 - Transport Documents

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33

Article 29 - Courier and Post Receipts34

Article 30 -Transport Documents Issued by Freight Forwarders35

Article 31 - "On Deck", "Shipper's Load and Count", Name of Consignor36

Article 32 - Clean Transport Documents

37

Article 33 - Freight Payable/Prepaid Transport Documents

38

Article 34 - Insurance Documents

39

Article 35 - Type of Insurance Cover

40

Article 36 - All Risks Insurance Cover

41

Article 37 - Commercial Invoices

42

Article 38 - Other Documents

43

E. - Miscellaneous Provisions (Articles 39 - 47) 44

Article 39 - Allowances in Credit Amount,Quantity and Unit Price

45

Article 40 - Partial Shipments/Drawings

46

Article 41 - Instalment Shipments/Drawings

47

Article 42 - Expiry Date and Place for Presentation of Documents

48

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Article 43 - Limitation on the Expiry Date

49

Article 44 - Extension of Expiry Date

50

Article 45 - Hours of Presentation

51

Article 46 - General Expressions as to Dates for Shipment

52

Article 47 - Date Terminology for Periods of Shipment53

F. - Transferable Credit (Article 48) 54

Article 48 - Transferable Credit

55

G. - Assignment of Proceeds (Article 49) 56

Article 49 - Assignment of Proceeds

57

Obtaining the UCP 500 58

The substantive text of the UCP 500 is not distributable - ICC Copyright notice and

address from which ICC publications may be obtained.).59

It is hoped that at some stage these texts will be freely available, and the ICC will collectits publication revenues off the ICC official commented texts.