UCP 600 Clean Final Draft

8/3/2019 UCP 600 Clean Final Draft

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U.C.P.600Article 1 Application of UCP

The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICCPublication no. 00 !"UCP#$ are rules that a%%ly to any documentary credit !"credit#$!includin&, to the e'tent to (hich they may be a%%licable, any standby letter of credit$ (henthe te't of the credit e'%ressly indicates that it is sub)ect to these rules. They are bindin& on

all %arties thereto unless e'%ressly modified or e'cluded by the credit.

Article 2 Definitions*or the %ur%ose of these rules+

Advising bank means the ban that advises the credit at the re-uest of the issuin& ban.

Applicant means the %arty on (hose re-uest the credit is issued.

Banking day means a day on (hich a ban is re&ularly o%en at the %lace at (hich an act

sub)ect to these rules is to be %erformed.

Beneficiary means the %arty in (hose favor a credit is issued.

Complying presentation means a %resentation that is in accordance (ith the terms andconditions of the credit, the a%%licable %rovisions of these rules and international standardbanin& %ractice.

Confirmation means a definite undertain& of the confirmin& ban, in addition to that of theissuin& ban, to honor or ne&otiate a com%lyin& %resentation.

Confirming bank means the ban that adds its confirmation to a credit u%on the issuin&bans authori/ation or re-uest.

Credit means any arran&ement, ho(ever named or described, that is irrevocable andthereby constitutes a definite undertain& of the issuin& ban to honor a com%lyin&%resentation.

onor means+a. to %ay at si&ht if the credit is available by si&ht %ayment.b. to incur a deferred %ayment undertain& and %ay at maturity if the credit isavailable by deferred %ayment.

c. to acce%t a bill of e'chan&e !"draft#$ dra(n by the beneficiary and %ay at maturityf the credit is available by acce%tance.

!ss"ing bank means the ban that issues a credit at the re-uest of an a%%licant or on itso(n behalf.

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#egotiation means the %urchase by the nominated ban of drafts !dra(n on a ban otherthan the nominated ban$ andor documents under a com%lyin& %resentation, by advancin&or a&reein& to advance funds to the beneficiary on or before the banin& day on (hichreimbursement is due to the nominated ban.

#ominated bank means the ban (ith (hich the credit is available or any ban in the caseof a credit available (ith any ban.

Presentation means either the delivery of documents under a credit to the issuin& ban ornominated ban or the documents so delivered.

Presenter means a beneficiary, ban or other %arty that maes a %resentation.

Article $ !nterpretations*or the %ur%ose of these rules+

1here a%%licable, (ords in the sin&ular include the %lural and in the %lural include thesin&ular.

credit is irrevocable even if there is no indication to that effect.

document may be si&ned by hand(ritin&, facsimile si&nature, %erforated si&nature,stam%, symbol or any other mechanical or electronic method of authentication.

re-uirement for a document to be le&ali/ed, visaed, certified or similar (ill be satisfied byany si&nature, mar, stam% or label on the document, (hich a%%ears to satisfy that

re-uirement.

3ranches of a ban in different countries are considered to be se%arate bans.

Terms such as 4first class4, 4(ell no(n4, 4-ualified4, 4inde%endent4, 4official4, 4com%etent4 or4local4 used to describe the issuer of a document allo( any issuer e'ce%t the beneficiary toissue that document.

Unless re-uired to be used in a document, (ords such as 4%rom%t4, 4immediately4 or 4assoon as %ossible4 (ill be disre&arded.

The e'%ression 4on or about4 or similar (ill be inter%reted as a sti%ulation that an event is tooccur durin& a %eriod of five calendar days before until five calendar days after the s%ecifieddate, both start and end dates included.

The (ords 4to4, 4until4, 4till4, "from# and "bet(een# (hen used to determine a %eriod ofshi%ment include the date or dates mentioned, and the (ords "before# and 4after4 e'clude thedate mentioned.

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U.C.P.600The (ords "from# and 4after4 (hen used to determine a maturity date e'clude the datementioned.

The terms 4first half4 and 4second half4 of a month shall be construed res%ectively asthe 5st to the 56th and the 5th to the last day of the month, all dates inclusive.

The terms 4be&innin&4, 4middle4 and 4end4 of a month shall be construed res%ectively asthe 5st to the 50th, the 55th to the 20th and the 25st to the last day of the month, alldates inclusive.

Article % Credits v. Contracts

a. credit by its nature is a se%arate transaction from the sale or other contract on(hich it may be based. 3ans are in no (ay concerned (ith or bound by suchcontract, even if any reference (hatsoever to it is included in the credit. Conse-uently,the undertain& of a ban to honor, to ne&otiate or to fulfill any other obli&ation under

the credit is not sub)ect to claims or defenses by the a%%licant resultin& from itsrelationshi%s (ith the issuin& ban or the beneficiary.

beneficiary can in no case avail itself of the contractual relationshi%s e'istin&bet(een bans or bet(een the a%%licant and the issuin& ban.

b. n issuin& ban should discoura&e any attem%t by the a%%licant to include, as aninte&ral %art of the credit, co%ies of the underlyin& contract, %roforma invoice and thelie.

Article & Doc"ments v. 'oods( )ervices or Performance

3ans deal (ith documents and not (ith &oods, services or %erformance to (hich thedocuments may relate.

Article 6 Availability( *+piry Date and Place for Presentation

a. credit must state the ban (ith (hich it is available or (hether it is available (ithany ban. credit available (ith a nominated ban is also available (ith the issuin&ban.

b. credit must state (hether it is available by si&ht %ayment, deferred %ayment,

acce%tance or ne&otiation.

c. credit must not be issued available by a draft dra(n on the a%%licant.

d. i. credit must state an e'%iry date for %resentation. n e'%iry date stated forhonor or ne&otiation (ill be deemed to be an e'%iry date for %resentation.

ii. The %lace of the ban (ith (hich the credit is available is the %lace for%resentation. The %lace for %resentation under a credit available (ith any ban is

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U.C.P.600that of any ban. %lace for %resentation other than that of the issuin& ban is inaddition to the %lace of the issuin& ban.

e. 'ce%t as %rovided in sub8article 29 !a$, a %resentation by or on behalf of thebeneficiary must be made on or before the e'%iry date.

Article , !ss"ing Bank Undertaking

a. Provided that the sti%ulated documents are %resented to the nominatedban or to the issuin& ban and that they constitute a com%lyin& %resentation, theissuin& ban must honor if the credit is available by +

i. si&ht %ayment, deferred %ayment or acce%tance (ith the issuin& banii. si&ht %ayment (ith a nominated ban and that nominated ban does not %ay

iii. deferred %ayment (ith a nominated ban and that nominated bandoes not incur its deferred %ayment undertain& or, havin& incurred its deferred%ayment undertain&, does not %ay at maturity

iv. acce%tance (ith a nominated ban and that nominated ban does not acce%ta draft dra(n on it or, havin& acce%ted a draft dra(n on it, does not %ay atmaturity

v. ne&otiation (ith a nominated ban and that nominated ban does notne&otiate.

b. n issuin& ban is irrevocably bound to honor as of the time it issues the credit.

c.n issuin& ban undertaes to reimburse a nominated ban that has honored orne&otiated a com%lyin& %resentation and for(arded the documents to the issuin& ban.Reimbursement for the amount of a com%lyin& %resentation under a credit available byacce%tance or deferred %ayment is due at maturity, (hether or not the nominated ban%re%aid or %urchased before maturity. n issuin& ban:s undertain& to reimburse anominated ban is inde%endent of the issuin& bans undertain& to the beneficiary.

Article - Confirming Bank Undertaking

a. Provided that the sti%ulated documents are %resented to the confirmin& ban or toany other nominated ban and that they constitute a com%lyin& %resentation, theconfirmin& ban must+

5 i. honor, if the credit is available by20 a. si&ht %ayment, deferred %ayment or acce%tance (ith the confirmin&

ban;

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U.C.P.600b. si&ht %ayment (ith another nominated ban and that nominated ban does

not %ay;

c. deferred %ayment (ith another nominated ban and that nominated bandoes not incur its deferred %ayment undertain& or, havin& incurred itsdeferred %ayment undertain&, does not %ay at maturity;

d. acce%tance (ith another nominated ban and that nominated ban doesnot acce%t a draft dra(n on it or, havin& acce%ted a draft dra(n on it, doesnot %ay at maturity;

e. ne&otiation (ith another nominated ban and that nominated ban doesnot ne&otiate.

ii. ne&otiate, (ithout recourse, if the credit is available by ne&otiation (ith theconfirmin& ban.

b. confirmin& ban is irrevocably bound to honor or ne&otiate as of the time it adds itsconfirmation to the credit.

c. confirmin& ban undertaes to reimburse another nominated ban that hashonored or ne&otiated a com%lyin& %resentation and for(arded the documents to theconfirmin& ban. Reimbursement for the amount of a com%lyin& %resentation under acredit available by acce%tance or deferred %ayment is due at maturity, (hether or notanother nominated ban %re%aid or %urchased before maturity. confirmin& ban:sundertain& to reimburse another nominated ban is inde%endent of the confirmin&bans undertain& to the beneficiary.

d. If a ban is authori/ed or re-uested by the issuin& ban to confirm a credit but is not%re%ared to do so, it must inform the issuin& ban (ithout delay and may advise thecredit (ithout confirmation.

Article Advising of Credits and Amendments

a. credit and any amendment may be advised to a beneficiary throu&h an advisin&ban. n advisin& ban that is not a confirmin& ban advises the credit and anyamendment (ithout any undertain& to honor or ne&otiate.

b. 3y advisin& the credit or amendment, the advisin& ban si&nifies that it has satisfied

itself as to the a%%arent authenticity of the credit or amendment and that the adviceaccurately reflects the terms and conditions of the credit or amendment received.

c. n advisin& ban may utili/e the services of another ban !"second advisin& ban#$ toadvise the credit and any amendment to the beneficiary. 3y advisin& the credit oramendment, the second advisin& ban si&nifies that it has satisfied itself as to thea%%arent authenticity of the advice it has received and that the advice accuratelyreflects the terms and conditions of the credit or amendment received.

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U.C.P.600

d. ban utili/in& the services of an advisin& ban or second advisin& ban to advise acredit must use the same ban to advise any amendment thereto.

e. If a ban is re-uested to advise a credit or amendment but elects not to do so, it mustso inform, (ithout delay, the ban from (hich the credit, amendment or advice has been

received.

f. If a ban is re-uested to advise a credit or amendment but cannot satisfy itself as tothe a%%arent authenticity of the credit, the amendment or the advice, it must so inform,(ithout delay, the ban from (hich the instructions a%%ear to have been received. If theadvisin& ban or second advisin& ban elects nonetheless to advise the credit oramendment, it must inform the beneficiary or second advisin& ban that it has not beenable to satisfy itself as to the a%%arent authenticity of the credit, the amendment or theadvice.

Article 10 Amendments

a. 'ce%t as other(ise %rovided by article


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U.C.P.600Article 11 /eletransmitted and PreAdvised Credits and Amendments

a. n authenticated tele8transmission of a credit or amendment (ill be deemed to be theo%erative credit or amendment, and any subse-uent mail confirmation shall bedisre&arded.If a tele8transmission states 4full details to follo(4 !or (ords of similar effect$, or states

that the mail confirmation is to be the o%erative credit or amendment, then the tele8transmission (ill not be deemed to be the o%erative credit or amendment. The issuin&ban must then issue the o%erative credit or amendment (ithout delay in terms notinconsistent (ith the tele8transmission.

b. %reliminary advice of the issuance of a credit or amendment !"%re8advice#$ shallonly be sent if the issuin& ban is %re%ared to issue the o%erative credit or amendment.

n issuin& ban that sends a %re8advice is irrevocably committed to issue the o%erativecredit or amendment, (ithout delay, in terms not inconsistent (ith the %re8advice.

Article 12 #omination

a. Unless a nominated ban is the confirmin& ban, an authori/ation to honor orne&otiate does not im%ose any obli&ation on that nominated ban to honor orne&otiate, e'ce%t (hen e'%ressly a&reed to by that nominated ban and socommunicated to the beneficiary.

b. 3y nominatin& a ban to acce%t a draft or incur a deferred %ayment undertain&, anissuin& ban authori/es that nominated ban to %re%ay or %urchase a draft acce%tedor a deferred %ayment undertain& incurred by that nominated ban.

c. Recei%t or e'amination and for(ardin& of documents by a nominated ban that is not

a confirmin& ban does not mae that nominated ban liable to honor or ne&otiate, nordoes it constitute honor or ne&otiation.

Article 1$ BanktoBank eimb"rsement Arrangements

a. If a credit states that reimbursement is to be obtained by a nominated ban !4claimin&ban4$ claimin& on another %arty !4reimbursin& ban4$, the credit must state if thereimbursement is sub)ect to the ICC rules for ban8to8ban reimbursements in effecton the date of issuance of the credit.

b. If a credit does not state that reimbursement is sub)ect to the ICC rules for ban8to8ban reimbursements, the follo(in& a%%ly+

i.n issuin& ban must %rovide a reimbursin& ban (ith a reimbursementauthori/ation that conforms (ith the availability stated in the credit. Thereimbursement authori/ation should not be sub)ect to an e'%iry date.

ii. claimin& ban shall not be re-uired to su%%ly a reimbursin& ban (ith acertificate of com%liance (ith the terms and conditions of the credit.

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U.C.P.600iii. n issuin& ban (ill be res%onsible for any loss of interest, to&ether (ith any

e'%enses incurred, if reimbursement is not %rovided on first demand by areimbursin& ban in accordance (ith the terms and conditions of the credit.

iv. reimbursin& ban:s char&es are for the account of the issuin& ban.>o(ever, if the char&es are for the account of the beneficiary, it is the

res%onsibility of an issuin& ban to so indicate in the credit and in thereimbursement authori/ation. If a reimbursin& ban:s char&es are for theaccount of the beneficiary, they shall be deducted from the amount due to aclaimin& ban (hen reimbursement is made. If no reimbursement is made, thereimbursin& ban:s char&es remain the obli&ation of the issuin& ban.

c. n issuin& ban is not relieved of any of its obli&ations to %rovide reimbursement ifreimbursement is not made by a reimbursin& ban on first demand.

Article 1% )tandard for *+amination of Doc"ments

a. nominated ban actin& on its nomination, a confirmin& ban, if any, and the issuin&ban must e'amine a %resentation to determine, on the basis of the documents alone,(hether or not the documents a%%ear on their face to constitute a com%lyin&%resentation.

b. nominated ban actin& on its nomination, a confirmin& ban, if any, and the issuin&ban shall each have a ma'imum of five banin& days follo(in& the day of %resentationto determine if a %resentation is com%lyin&. This %eriod is not curtailed or other(iseaffected by the occurrence on or after the date of %resentation of any e'%iry date or lastday for %resentation.

c. %resentation includin& one or more ori&inal trans%ort documents sub)ect to articles59, 20, 25, 22, 2


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g. document %resented but not re-uired by the credit (ill be disre&arded and may bereturned to the %resenter.

. If a credit contains a condition (ithout sti%ulatin& the document to indicatecom%liance (ith the condition, bans (ill deem such condition as not stated and (ill

disre&ard it.

i. document may be dated %rior to the issuance date of the credit, but must not bedated later than its date of %resentation.

3. 1hen the addresses of the beneficiary and the a%%licant a%%ear in any sti%ulateddocument, they need not be the same as those stated in the credit or in any othersti%ulated document, but must be (ithin the same country as the res%ective addressesmentioned in the credit. Contact details !telefa', tele%hone, email and the lie$ stated as%art of the beneficiarys and the a%%licants address (ill be disre&arded. >o(ever, (henthe address and contact details of the a%%licant a%%ear as %art of the consi&nee or

notify %arty details on a trans%ort document sub)ect to articles 59, 20, 25, 22, 2


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U.C.P.600a. 1hen a nominated ban actin& on its nomination, a confirmin& ban, if any, or theissuin& ban determines that a %resentation does not com%ly, it may refuse to honor orne&otiate.

b. 1hen an issuin& ban determines that a %resentation does not com%ly, it may in itssole )ud&ment a%%roach the a%%licant for a (aiver of the discre%ancies. This does not,

ho(ever, e'tend the %eriod mentioned in sub8article 5? !b$.

c. 1hen a nominated ban actin& on its nomination, a confirmin& ban, if any, or theissuin& ban decides to refuse to honor or ne&otiate, it must &ive a sin&le notice to thateffect to the %resenter.

The notice must state+

i. that the ban is refusin& to honor or ne&otiate; and

ii. each discre%ancy in res%ect of (hich the ban refuses to honor or ne&otiate;and

iii. a$ that the ban is holdin& the documents %endin& further instructions from the%resenter; or

b$ that the issuin& ban is holdin& the documents until it receives a (aiverfrom the a%%licant and a&rees to acce%t it, or receives further instructionsfrom the %resenter %rior to a&reein& to acce%t a (aiver; or

c$ that the ban is returnin& the documents; or

d$ that the ban is actin& in accordance (ith instructions %reviously receivedfrom the %resenter.

d. The notice re-uired in sub8article 5 !c$ must be &iven by telecommunication or, ifthat is not %ossible, by other e'%editious means no later than the close of the fifthbanin& day follo(in& the day of %resentation.

e. nominated ban actin& on its nomination, a confirmin& ban, if any, or the issuin&ban may, after %rovidin& notice re-uired by sub8article 5 !c$ !iii$ !a$ or !b$, return thedocuments to the %resenter at any time.

f. If an issuin& ban or a confirmin& ban fails to act in accordance (ith the %rovisions ofthis article, it shall be %recluded from claimin& that the documents do not constitute acom%lyin& %resentation.

g. 1hen an issuin& ban refuses to honor or a confirmin& ban refuses to honor orne&otiate and has &iven notice to that effect in accordance (ith this article, it shall thenbe entitled to claim a refund, (ith interest, of any reimbursement made.

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U.C.P.600Article 1, 5riginal Doc"ments and Copies

a. t least one ori&inal of each document sti%ulated in the credit must be %resented.

b. ban shall treat as an ori&inal any document bearin& an a%%arently ori&inalsi&nature, mar, stam%, or label of the issuer of the document, unless the document

itself indicates that it is not an ori&inal.

c. Unless a document indicates other(ise, a ban (ill also acce%t a document asori&inal if it+

i. a%%ears to be (ritten, ty%ed, %erforated or stam%ed by the document issuershand; or

ii. a%%ears to be on the document issuers ori&inal stationery; or

iii. states that it is ori&inal, unless the statement a%%ears not to a%%ly to thedocument %resented.

d. If a credit re-uires %resentation of co%ies of documents, %resentation of eitherori&inals or co%ies is %ermitted.

e. If a credit re-uires %resentation of multi%le documents by usin& terms such as 4indu%licate4, 4in t(o fold4 or 4in t(o co%ies4, this (ill be satisfied by the %resentation of atleast one ori&inal and the remainin& number in co%ies, e'ce%t (hen the documentitself indicates other(ise.

Article 1- Commercial !nvoice

a. commercial invoice+i. must a%%ear to have been issued by the beneficiary !e'ce%t as %rovided in

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U.C.P.600c. The descri%tion of the &oods, services or %erformance in a commercial invoice mustcorres%ond (ith that a%%earin& in the credit.

Article 1 /ransport Doc"ment Covering at east /7o Different 8odes of/ransport

a. trans%ort document coverin& at least t(o different modes of trans%ort !multimodalor combined trans%ort document$, ho(ever named, must a%%ear to+5 i. indicate the name of the carrier and be si&ned by+

5 @ the carrier or a named a&ent for or on behalf of the carrier, or2 @ the master or a named a&ent for or on behalf of the master.

ny si&nature by the carrier, master or a&ent must be identified as that ofthe carrier, master or a&ent.

ny si&nature by an a&ent must indicate (hether the a&ent has si&ned for

or on behalf of the carrier or for or on behalf of the master.

ii. indicate that the &oods have been dis%atched, taen in char&e or shi%%ed onboard at the %lace stated in the credit, by+5 @ %re8%rinted (ordin&, or2 @ a stam% or notation indicatin& the date on (hich the &oods have been

dis%atched, taen in char&e or shi%%ed on board.

The date of issuance of the trans%ort document (ill be deemed to be thedate of dis%atch, tain& in char&e or shi%%ed on board, and the date ofshi%ment. >o(ever, if the trans%ort document indicates, by stam% or

notation, a date of dis%atch, tain& in char&e or shi%%ed on board, thisdate (ill be deemed to be the date of shi%ment.

iii. indicate the %lace of dis%atch, tain& in char&e or shi%ment and the %lace offinal destination stated in the credit, even if+

a. the trans%ort document states, in addition, a different %lace of dis%atch,tain& in char&e or shi%ment or %lace of final destination,

orb. the trans%ort document contains the indication 4intended4 or similar

-ualification in relation to the vessel, %ort of loadin& or %ort of

dischar&e.

iv. be the sole ori&inal trans%ort document or, if issued in more than one ori&inal,be the full set as indicated on the trans%ort document.

v. contain terms and conditions of carria&e or mae reference to another sourcecontainin& the terms and conditions of carria&e !short form or blan bactrans%ort document$. Contents of terms and conditions of carria&e (ill notbe e'amined.

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U.C.P.600vi. contain no indication that it is sub)ect to a charter %arty.

b. *or the %ur%ose of this article, transhi%ment means unloadin& from one means ofconveyance and reloadin& to another means of conveyance !(hether or not in differentmodes of trans%ort$ durin& the carria&e from the %lace of dis%atch, tain& in char&e orshi%ment to the %lace of final destination stated in the credit.

c. i. trans%ort document may indicate that the &oods (ill or may be transhi%%ed%rovided that the entire carria&e is covered by one and the same trans%ortdocument.

5 ii. trans%ort document indicatin& that transhi%ment (ill or may tae %lace isacce%table, even if the credit %rohibits transhi%ment.

Article 20 Bill of ading

a. bill of ladin&, ho(ever named, must a%%ear to+

i. indicate the name of the carrier and be si&ned by+@ the carrier or a named a&ent for or on behalf of the carrier, or@ the master or a named a&ent for or on behalf of the master.

ny si&nature by the carrier, master or a&ent must be identified as that of thecarrier, master or a&ent.

ny si&nature by an a&ent must indicate (hether the a&ent has si&ned for or onbehalf of the carrier or for or on behalf of the master.

ii. indicate that the &oods have been shi%%ed on board a named vessel at the%ort of loadin& stated in the credit by+

5 @ %re8%rinted (ordin&, or2 @ an on board notation indicatin& the date on (hich the &oods have

been shi%%ed on board.

The date of issuance of the bill of ladin& (ill be deemed to be the date ofshi%ment unless the bill of ladin& contains an on board notation indicatin& thedate of shi%ment, in (hich case the date stated in the on board notation (ill bedeemed to be the date of shi%ment.If the bill of ladin& contains the indication 4intended vessel4 or similar-ualification in relation to the name of the vessel, an on board notationindicatin& the date of shi%ment and the name of the actual vessel is re-uired.

iii. indicate shi%ment from the %ort of loadin& to the %ort of dischar&e stated in thecredit.If the bill of ladin& does not indicate the %ort of loadin& stated in the credit as the%ort of loadin&, or if it contains the indication "intended# or similar -ualification inrelation to the %ort of loadin&, an on board notation indicatin& the %ort of loadin&as stated in the credit, the date of shi%ment and the name of the vessel isre-uired. This %rovision a%%lies even (hen loadin& on board or shi%ment on anamed vessel is indicated by %re8%rinted (ordin& on the bill of ladin&.

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U.C.P.600iv. be the sole ori&inal bill of ladin& or, if issued in more than one ori&inal, be thefull set as indicated on the bill of ladin&.

v. contain terms and conditions of carria&e or mae reference to another sourcecontainin& the terms and conditions of carria&e !short form or blan bac bill ofladin&$. Contents of terms and conditions of carria&e (ill not be e'amined.

vi. contain no indication that it is sub)ect to a charter %arty.

b. *or the %ur%ose of this article, transhi%ment means unloadin& from one vessel andreloadin& to another vessel durin& the carria&e from the %ort of loadin& to the %ort ofdischar&e stated in the credit.

c. i. bill of ladin& may indicate that the &oods (ill or may be transhi%%ed%rovided that the entire carria&e is covered by one and the same bill of ladin&.

ii. bill of ladin& indicatin& that transhi%ment (ill or may tae %lace is

acce%table, even if the credit %rohibits transhi%ment, if the &oods have beenshi%%ed in a container, trailer or AB> bar&e as evidenced by the bill of ladin&.

d. Clauses in a bill of ladin& statin& that the carrier reserves the ri&ht to transhi% (ill bedisre&arded.

Article 21 #on#egotiable )ea 4aybilla. non8ne&otiable sea (aybill, ho(ever named, must a%%ear to+

i. indicate the name of the carrier and be si&ned by+@ the carrier or a named a&ent for or on behalf of the carrier, or@ the master or a named a&ent for or on behalf of the master.

ny si&nature by the carrier, master or a&ent must be identified as that of thecarrier, master or a&ent.

ny si&nature by an a&ent must indicate (hether the a&ent has si&ned for or onbehalf of the carrier or for or on behalf of the master.

ii. indicate that the &oods have been shi%%ed on board a named vessel at the

%ort of loadin& stated in the credit by+5 @ %re8%rinted (ordin&, or2 @ an on board notation indicatin& the date on (hich the &oods have been

shi%%ed on board.

The date of issuance of the non8ne&otiable sea (aybill (ill be deemed to be thedate of shi%ment unless the non8ne&otiable sea (aybill contains an on boardnotation indicatin& the date of shi%ment, in (hich case the date stated in the onboard notation (ill be deemed to be the date of shi%ment.

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U.C.P.600If the non8ne&otiable sea (aybill contains the indication 4intended vessel4 orsimilar -ualification in relation to the name of the vessel, an on board notationindicatin& the date of shi%ment and the name of the actual vessel is re-uired.

iii. indicate shi%ment from the %ort of loadin& to the %ort of dischar&e stated in thecredit. If the non8ne&otiable sea (aybill does not indicate the %ort of loadin&

stated in the credit as the %ort of loadin&, or if it contains the indication"intended# or similar -ualification in relation to the %ort of loadin&, an on boardnotation indicatin& the %ort of loadin& as stated in the credit, the date of shi%mentand the name of the vessel is re-uired. This %rovision a%%lies even (hen loadin&on board or shi%ment on a named vessel is indicated by %re8%rinted (ordin& onthe non8ne&otiable sea (aybill.

iv. be the sole ori&inal non8ne&otiable sea (aybill or, if issued in more than oneori&inal, be the full set as indicated on the non8ne&otiable sea (aybill.

v. contain terms and conditions of carria&e or mae reference to another source

containin& the terms and conditions of carria&e !short form or blan bac non8ne&otiable sea (aybill$. Contents of terms and conditions of carria&e (ill not bee'amined.

vi. contain no indication that it is sub)ect to a charter %arty.

b. *or the %ur%ose of this article, transhi%ment means unloadin& from one vesseland reloadin& to another vessel durin& the carria&e from the %ort of loadin& to the%ort of dischar&e stated in the credit.

c. i. non8ne&otiable sea (aybill may indicate that the &oods (ill or may be

transhi%%ed %rovided that the entire carria&e is covered by one and the samenon8ne&otiable sea (aybill.

ii. non8ne&otiable sea (aybill indicatin& that transhi%ment (ill or may tae%lace is acce%table, even if the credit %rohibits transhi%ment, if the &oods havebeen shi%%ed in a container, trailer or AB> bar&e as evidenced by the non8ne&otiable sea (aybill.

d. Clauses in a non8ne&otiable sea (aybill statin& that the carrier reserves the ri&htto transhi% (ill be disre&arded.

Article 22 Carter Party Bill of ading

a. bill of ladin&, ho(ever named, containin& an indication that it is sub)ect to a charter%arty !charter %arty bill of ladin&$, must a%%ear to+i. be si&ned by+

5 @ the master or a named a&ent for or on behalf of the master, or2 @ the o(ner or a named a&ent for or on behalf of the o(ner, or< @ the charterer or a named a&ent for or on behalf of the charterer.

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U.C.P.600ny si&nature by the master, o(ner, charterer or a&ent must be identified as that of themaster, o(ner, charterer or a&ent.

ny si&nature by an a&ent must indicate (hether the a&ent has si&ned for or on behalfof the master, o(ner or charterer.

n a&ent si&nin& for or on behalf of the o(ner or charterer must indicate the name of

the o(ner or charterer.

ii. indicate that the &oods have been shi%%ed on board a named vessel at the%ort of loadin& stated in the credit by+5 @ %re8%rinted (ordin&, or2 @ an on board notation indicatin& the date on (hich the &oods have

been shi%%ed on board.

The date of issuance of the charter %arty bill of ladin& (ill be deemed to be thedate of shi%ment unless the charter %arty bill of ladin& contains an on boardnotation indicatin& the date of shi%ment, in (hich case the date stated in the on

board notation (ill be deemed to be the date of shi%ment.

iii. indicate shi%ment from the %ort of loadin& to the %ort of dischar&e stated in thecredit. The %ort of dischar&e may also be sho(n as a ran&e of %orts or a&eo&ra%hical area, as stated in the credit.

iv. be the sole ori&inal charter %arty bill of ladin& or, if issued in more than oneori&inal, be the full set as indicated on the charter %arty bill of ladin&.

b. ban (ill not e'amine charter %arty contracts, even if they are re-uired to be%resented by the terms of the credit.

Article 2$ Air /ransport Doc"ment

a. n air trans%ort document, ho(ever named, must a%%ear to+i. indicate the name of the carrier and be si&ned by+

5 @ the carrier, or2 @ a named a&ent for or on behalf of the carrier.

ny si&nature by the carrier or a&ent must be identified as that of thecarrier or a&ent.

ny si&nature by an a&ent must indicate that the a&ent has si&ned for oron behalf of the carrier.

ii. indicate that the &oods have been acce%ted for carria&e.

iii. indicate the date of issuance. This date (ill be deemed to be the date ofshi%ment unless the air trans%ort document contains a s%ecific notation of theactual date of shi%ment, in (hich case the date stated in the notation (ill bedeemed to be the date of shi%ment.

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U.C.P.600ny other information a%%earin& on the air trans%ort document relative to thefli&ht number and date (ill not be considered in determinin& the date ofshi%ment.

iv. indicate the air%ort of de%arture and the air%ort of destination stated in thecredit.

v. be the ori&inal for consi&nor or shi%%er, even if the credit sti%ulates a full set ofori&inals.

vi. contain terms and conditions of carria&e or mae reference to another sourcecontainin& the terms and conditions of carria&e. Contents of terms andconditions of carria&e (ill not be e'amined.

b. *or the %ur%ose of this article, transhi%ment means unloadin& from one aircraft andreloadin& to another aircraft durin& the carria&e from the air%ort of de%arture tothe air%ort of destination stated in the credit.

c. i.n air trans%ort document may indicate that the &oods (ill or may betranshi%%ed, %rovided that the entire carria&e is covered by one and the same airtrans%ort document.

ii.n air trans%ort document indicatin& that transhi%ment (ill or may tae %lace isacce%table, even if the credit %rohibits transhi%ment.

Article 2% oad( ail or !nland 4ater7ay /ransport Doc"ments

a. road, rail or inland (ater(ay trans%ort document, ho(ever named, must a%%ear to+

i. indicate the name of the carrier and+5 @ be si&ned by the carrier or a named a&ent for or on behalf of the

carrier, or2 @ indicate recei%t of the &oods by si&nature, stam% or notation by

the carrier or a named a&ent for or on behalf of the carrier.

ny si&nature, stam% or notation of recei%t of the &oods by the carrier ora&ent must be identified as that of the carrier or a&ent.

ny si&nature, stam% or notation of recei%t of the &oods by the a&ent mustindicate that the a&ent has si&ned or acted for or on behalf of the carrier.If a rail trans%ort document does not identify the carrier, any si&nature orstam% of the rail(ay com%any (ill be acce%ted as evidence of thedocument bein& si&ned by the carrier.

ii. indicate the date of shi%ment or the date the &oods have been received forshi%ment, dis%atch or carria&e at the %lace stated in the credit. Unless thetrans%ort document contains a dated rece%tion stam%, an indication of the

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U.C.P.600date of recei%t or a date of shi%ment, the date of issuance of the trans%ortdocument (ill be deemed to be the date of shi%ment.

iii. indicate the %lace of shi%ment and the %lace of destination stated in the credit.

b. i. road trans%ort document must a%%ear to be the ori&inal for consi&nor

or shi%%er or bear no marin& indicatin& for (hom the document has been%re%ared.

ii. rail trans%ort document mared "du%licate# (ill be acce%ted as an ori&inal.

iii. rail or inland (ater(ay trans%ort document (ill be acce%ted as an ori&inal(hether mared as an ori&inal or not.

c. In the absence of an indication on the trans%ort document as to the number ofori&inals issued, the number %resented (ill be deemed to constitute a full set.

d. *or the %ur%ose of this article, transhi%ment means unloadin& from one means ofconveyance and reloadin& to another means of conveyance, (ithin the samemode of trans%ort, durin& the carria&e from the %lace of shi%ment, dis%atch orcarria&e to the %lace of destination stated in the credit.

e. i. road, rail or inland (ater(ay trans%ort document may indicate that the&oods (ill or may be transhi%%ed %rovided that the entire carria&e iscovered by one and the same trans%ort document.

ii. road, rail or inland (ater(ay trans%ort document indicatin& that transhi%ment(ill or may tae %lace is acce%table, even if the credit %rohibits

transhi%ment.

Article 2& Co"rier eceipt( Post eceipt or Certificate of Posting

a. courier recei%t, ho(ever named, evidencin& recei%t of &oods for trans%ort, musta%%ear to+

i. indicate the name of the courier service and be stam%ed or si&ned by thenamed courier service at the %lace from (hich the credit states the &oodsare to be shi%%ed; and

ii. indicate a date of %ic8u% or of recei%t or (ordin& to this effect. This date (illbe deemed to be the date of shi%ment.

b. re-uirement that courier char&es are to be %aid or %re%aid may be satisfied by atrans%ort document issued by a courier service evidencin& that courier char&esare for the account of a %arty other than the consi&nee.

c. %ost recei%t or certificate of %ostin&, ho(ever named, evidencin& recei%t of &oodsfor trans%ort, must a%%ear to be stam%ed or si&ned and dated at the %lace from

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U.C.P.600(hich the credit states the &oods are to be shi%%ed. This date (ill be deemed tobe the date of shi%ment.

Article 26 95n Deck9( 9)ipper:s oad and Co"nt9( ;)aid by )ipper to Contain

Date post:	06-Apr-2018
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UCP 600 Clean Final Draft

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