Beruflich Dokumente
Kultur Dokumente
UCP 600
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UCP 600 1
Use of SWIFT:
40E:
Applicable Rules
UCP LATEST VERSION
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UCP 600 1
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Advising bank
Honour
Issuing bank
Negotiation
Applicant
B
Banking day
Beneficiary
Nominated bank
C
Complying presentation
Confirmation
Confirming bank
Presentation
Presenter
Credit
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Banking Day
UCP 600 2
Trade Dept.
SATURDAY
Banking Hall
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Complying Presentation
UCP 600 2
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UCP 600 2
Honour
For credit available by +
Sight payment
Pay at sight
Deferred payment
Acceptance
Negotiation
Purchase by the nominated bank of drafts (drawn on another
bank) and/or documents under a complying presentation,
By advancing or agreeing to advance funds to beneficiary, on
or before the banking day on which reimbursement is due to the
nominated bank.
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UCP 600 2
The bank with which the credit is available, or any bank in the case
of a freely available credit
Presentation
Delivery of documents to issuing bank or nominated bank; or
The documents so delivered
Presenter
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Interpretations
UCP 600 3
Interpretations
UCP 600 3
Interpretations
UCP 600 3
For determining a period of shipment, the words from and after have
different meanings
From includes the date mentioned
After excludes the date mentioned
Shipment to be effected
from August 10th
Shipment to be effected
after August 10th
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L/C
Contract No.123
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UCP 600 6
Expiry date
Last day for presentation of documents
Place for presentation
Bank with which the L/C is available, or
Any bank, if the L/C is available with any bank, and
Issuing bank
L/C available with any bank
Any bank
1.
Bank XYZ
2.
Issuing bank
2.
Issuing bank
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Amendments
UCP 600 10
Silence = Consent
Amendment No.1
- Amount reduced by USD100,000.00
Disregard
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UCP 600 10
Presentation that complies with the credit and not yet accepted
amendment deemed to be beneficiarys acceptance of the
amendment
Original L/C
Amendment
Date: 1 JUL 07
Date: 4 JUL 07
US$150,000
Amt. reduced to
US$100,000
Ship by 20 AUG 7
Partial shipments
allowed
Complying
Ship by 20 JUL 07
Deemed
accepted ?
Document
US$100,000
Shipped 20 JUL 07
Complying
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Reasonable Time
UCP 600 14
Tu
Th
Sa
UCP 600
UCP 500
What is reasonable ?
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Tu
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UCP 600 14
Data in Documents
Data in a document must not conflict with data in that
document, other stipulated documents or the L/C
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UCP 600 14
Inspection
Certificate
Goods are
certified to be of
Singapore origin.
Goods have
been inspected
and are certified
to be in order.
Signed
Signed
Signed
Dated
1 JUL 2009
Dated
1 JUL 2009
Dated
1 JUL 2009
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UCP 600 14
Need not be the same between stipulated documents & the credit; but
Must be within the same country as in the credit
Disregard contact details of beneficiary and applicant (fax, phone, email)
stated in the credit
However, if they form part of consignee and notify party details in
transport document, applicants contact details must be as stated in
the credit
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UCP 600 14
Invoice
Letter of Credit
Applicant: ABC Inc.
3 Temasek Avenue
1616-00 Centennial Tower
Singapore 039190
Fax No. 6328 5201
10 Coleman Street
Singapore 179809
Fax No. 6328 5464
Bill of Lading
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UCP 600 14
Bill of Lading
Shipper: XYZ Co. Ltd.
Certificate of Origin
Shipper: XYZ Co. Ltd.
Certificate of Origin
Shipper: ABC Co. Ltd.
When
Without
delay
It must honour
and release documents to
the applicant
Confirming bank
determines a presentation
is complying
It must honour or
negotiate and forward
documents to issuing bank
Nominated bank
determines a presentation
is complying, and
honours or negotiates
It must forward
documents to confirming
bank or issuing bank
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UCP 600 16
NEW
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Document Examination:
Max. 5 banking days following the day of presentation
Complying Presentation:
When an issuing bank determines that a presentation is complying, it
must honour
Refusal:
Notice of refusal by the close of the fifth banking day following the
day of presentation
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Commercial Invoice
UCP 600 18
Invoice No.456
Invoice Amount:
USD1,000,000.00
Invoice Amount:
SGD1,560,000.00
(Equivalent to
SGD1,560,000.00)
(Equivalent to
USD1,000,000.00)
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ABC Forwarders
500
600
As Agent
For Master
500
600
As Agent
For Master,
Takashi Yanagawa
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UCP 600 19
44E
44F
44B
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UCP 600 19
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Master
500
500
ABC Forwarders
600
As Agent
500
For Master, John Doe
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Bill of Lading
Non-Negotiable Sea Waybill
Bill of Lading
Non-Negotiable Sea Waybill
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600
UCP 600 22
ABC Forwarders
ABC Forwarders
600
As Agent
600
As Agent
For Charterer,
Charterer, John Doe
ABC Forwarders
600
As Agent
For Master
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UCP 600 22
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UCP 600 23
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UCP 600 24
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UCP 600 24
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Agent for
ABC Insurance Co. Ltd.
By proxy for
ABC Insurance Co. Ltd.
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UCP 600 28
Policy
Insurance Policy
Bill of Lading
Bill
Effective
EffectiveDate
Date
Shipped
ShippedOn
OnBoard
Board
1
AUG 2007
1 AUG
2007
1
AUG 2007
1 AUG
2007
Issued
Issuedon
on88AUG
AUG2007
2007
Issued
Issuedon
on11AUG
AUG2007
2007
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UCP 600 28
120 %
Min. coverage
required
Acceptable
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UCP 600 28
Min. 110% of CIF or CIP value, if L/C does not indicate insurance
coverage required
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UCP 600 28
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Expiry date or last day for presentation falls on a day the bank is
closed for reasons other than Force Majeure, it will be extended
to the first following banking day
Nominated bank must provide the issuing bank or confirming
bank with a statement that presentation was made within the time
limits extended
Latest date for shipment will not be extended
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B/L A
B/L B
Port B
AUG 1
AUG 7
B/L C
Same destination
Port D
AUG 9
Port C
A
C = L/C quantity
UCP 600 31
Partial Shipment
Truck A
AUG 1
Truck B
AUG 1
Truck C
AUG 1
Destination
D
C = L/C quantity
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UCP 600 37
Unacceptable clause:
Notwithstanding subsub-article 37c, the advising
bank must collect their advising fee prior to
advising the credit to the beneficiary
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Applicant
Second
Beneficiary
Issuing
Bank
Transferring
Bank
(May be the
Issuing Bank)
1.
L/C application
3.
2.
Transferable credit
4.
Transferred credit
(Credit has been made available
to a second beneficiary)
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Transferable Credits
UCP 600 38
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UCP 600 38
Transferable Credits
UCP 600 38
Transferable Credits
Full Transfer
(No substitution)
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Transferable Credits
UCP 600 38
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THANK
YOU
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