Some 52 queries and
official ICC responses to key questions concerning UCP 400, UCP 500 and The
ICC Uniform Rules for Collections (URC 322) are included in this latest
compilation of Opinions of the ICC Banking Commission.
Covering issues as diverse as the beneficiary’s recourse in the case of
fraud to the interpretation of the new Transport Article, the quires and
responses in this volume are the first to respond to questions about UCP
500.
Organized in the order of the Article of the UCP, the queries not only
provide guidance to the working of the UCP for practitioners, they have
also served as guidelines for courts in interpreting the Rules.
Some 52 queries and
official ICC responses to key questions concerning UCP 400, UCP 500 and The
ICC Uniform Rules for Collections (URC 322) are included in this latest
compilation of Opinions of the ICC Banking Commission.