Dear Mebers,
I would like inform you all about the Article No.1 of UCP 600 :
Application of UCP
The Uniform Customs and practice for documentary credits, 2007 Revision, ICC publication No. 600 (UCP) are rules that apply to any documentary credits including to the extent to which they may be applicable, any standby letter of credits when the text of the credit expressly indicates that it is subject to these rules.
They are binding on all parties thereto unless expressly modified or excluded by the Credit.
Regards,
Sanusilamin
Supervisor of purchasing, letter of credits & Guarantees unit.
Ras lanuf oil and gas processing Co, Libya.
[quote=SANUSILAMIN]
Dear Mebers,
I apologise to the owner of the site because I made mistake when I added a post regardind the UCP 600 according to the ICC published
HENCE, I removed and replaced it by this text to inform all members especially my freind " phill doran " who advised my about my mistake So, I recpect the rules of this site & ICC organisation copyright.
Best regards,
Sanusilamin
Supervisor of purchasing, letter of credits & Guarantees unit.
Ras lanuf oil and gas processing Co, Libya.
[/quote]
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