Letter of Credit Forum

Recently some members complained about the foul language employed by others.

My position is this: I enjoy strong verbal arguments, however, in the context of
letters of credit I believe that the use of four letter expletives is rather inappropriate.

I have mildly edited some comments, removing personal invectives.

My hope is that the energy spent on insults will be channelled towards
a discussion of LC problems.

New Uniform Customs and Practices for Letters of Credit, UCP 600
Attorney at Law Dr. Jens Nielsen, Hamburg, Germany
1) The never ending attempt to adapt to new technologies and the simplification of rules
On June 1, 2007 the new Uniform Customs and Practices for Documentary Credits,
published as International Chamber of Commerce publication No 600, will take effect.
The first version of the UCP was drafted at the ICC congress in Vienna in 1933
(ICC-Publication No. 82). After the first revision in 1951, the UCP were again revised