UCP 600 definition

UCP 600 means the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce and in effect as of July 1, 2007 (or such later version thereof as may be in effect at the time of issuance).
View Source
UCP 600 means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).
View Source
UCP 600 has the meaning specified therefor in Section 3.02(b).
View Source

Examples of UCP 600 in a sentence

  • The law of the State of New York shall apply to any matters not covered by the UCP 600.

  • Each standby Letter of Credit shall be subject either to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 600, and any amendments or revision thereof adhered to by the Issuer (“UCP 600”) or the International Standby Practices (ISP98-International Chamber of Commerce Publication Number 590) (“ISP98 Rules”), as determined by the L/C Issuer, and each trade Letter of Credit shall be subject to UCP 600.

  • If a Letter of Credit is issued subject to UCP 600, unless otherwise agreed, in the event that any installment of the Letter of Credit is not drawn within the period allowed for that installment, the Letter of Credit may continue to be available for any subsequent installments in the sole discretion of Issuing Bank, notwithstanding Article 32 of UCP 600.

  • Unless otherwise expressly agreed by the L/C Issuer and the Lead Borrower when a Letter of Credit is issued, (i) the rules of the ISP and the UCP 600 shall apply to each Standby Letter of Credit, and (ii) the rules of the UCP 600 shall apply to each Commercial Letter of Credit.

  • Each standby Letter of Credit shall be subject either to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 600, and any amendments or revision thereof adhered to by the Issuer (“UCP 600”) or the International Standby Practices (ISP98-International Chamber of Commerce Publication Number 590) (“ISP98 Rules”), as determined by the Administrative Agent, and each trade Letter of Credit shall be subject to UCP 600.


More Definitions of UCP 600

UCP 600 has the meaning provided in Section 3.02(g)(iii) (Letters of Credit).
View Source
UCP 600 as defined in Section 3.4(g).
View Source
UCP 600 has the meaning set forth in Section 1.14 of the Agreement.
View Source
UCP 600 means the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (2007 Revision).
View Source
UCP 600 has the meaning assigned to such term in Section 2.05(n).
View Source
UCP 600 has the meaning set forth in Section 2.13(g).
View Source
UCP 600 has the meaning specified in Section 2.03(h) of this Agreement.
View Source