Uniform Customs and Practice definition

Uniform Customs and Practice means the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 and any subsequent revision thereof approved by a Congress of the International Chamber of Commerce and adhered to by the Bank.

Uniform Customs and Practice is defined in Section 2.3.7.

Uniform Customs and Practice means the Uniform Customs and Practice for Documentary Credits (1993 Revision) International Chamber of Commerce publication No. 500.

Examples of Uniform Customs and Practice in a sentence

• This Letter of Credit is subject to the Uniform Customs and Practice (UCP) for Documentary Credits,International Chamber of Commerce Publication No. -- (Insert version in effect at the timeof ILC issuance, e.g., ``Publication 600, 2006 edition'') and to the extent not inconsistent therewith, to the laws of --[State of confirming financial institution, if any, otherwise State of issuing financial institution].

• This confirmation is subject to the Uniform Customs and Practice (UCP) for Documentary Credits, International Chamber of Commerce Publication No. -- (Insert version in effect at the time of ILC issuance, e.g., ``Publication 600, 2006 edition'') and to the extent not inconsistent therewith, to the laws of confirming financial institution].

• This credit is subject to the Uniform Customs and Practice for Documentary Credit (2007 Revision), International Chamber of Commerce Publication Number 600.

• Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.

• Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.

More Definitions of Uniform Customs and Practice

Uniform Customs and Practice is defined in Section 2.4.7. ----------------------------

Uniform Customs and Practice is defined in Section 2.2.7.

Uniform Customs and Practice means the Uniform Customs and Practice for Documentary Credits, 1994 Revision, ICC Publication No. 500.

Uniform Customs and Practice means the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce Publication No. 600, or the International Standby Practices (ISP98), as specified in the Credit issued by the Bank for the Applicant, or any subsequent revision thereof adhered to by the Bank on the date the Credit is issued.

Uniform Customs and Practice means, with respect to each Letter of Credit, the Uniform Customs and Practice for Documentary Letters of Credit (1993 Revision), International Chamber of Commerce Publication No. 500, and any subsequent revision thereof adhered to by Chase on the date such Letter of Credit is issued.

Uniform Customs and Practice means the Uniform Customs and Practice for Documentary Credits approved by the International Chamber of Commerce and in effect and adhered to by the Bank as of the date of issuance of the Credit. In consideration of the issuance by the Bank, upon application by the Applicant from time to time, at the Bank's option, of one or more letters of credit (each such letter of credit as from time to time amended or modified with the consent of the Applicant being hereinafter referred to as the "Credit"), the Applicant hereby agrees with the Bank as follows with respect to each Credit:

Uniform Customs and Practice with respect to a Credit means the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 and any subsequent revision thereof adhered to by the Bank on the date such Credit-is issued. The Uniform Customs and Practice shall serve, in the absence of proof expressly to the contrary, as evidence of general bank usage.