UCPDC 600 : An international regulations in carrying out import/export transactions through documentary credit which is applicable to all the banks in the world. It is a uniform practice applied to buyer, seller, issuing bank and negotiating bank. It is also a mandatory to all the concerned of documentary credit and staff of banks and financial institutions those working in trade finance, letter of credit and as relationship managers. All of them must be well versed in every terms and conditions of UCPDC 600.
In this regard, we are pleased to announce a program on UCPDC 600 for detail understanding in all the articles of UCPDC 600. This will help in providing technical guidance to participants on various aspect of Documentary Credit. Apart from that this also helps in protecting importer’s/exporter’s interest in these transactions. The program consists of Introduction to UCPDC 600 and its framework (Articles 1-5), Structure of and obligations under documentary credits (Articles 6-10), standard for examination of documents; discrepant documents, waiver and notice; and other items (Articles 11-18), Transport and Insurance (Articles 19-28) and Transferable credits and remaining issues (Articles 29-39).