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INTERNATIONAL BANKING - ICC India

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"The early “Regulation” issued by the New York Bankers affecting export commercial letters of<br />

credit and early UCP versions […] shed light on the meaning of current UCP articles. They also<br />

demonstrate a consistent approach in UCP drafting of fashioning rules that make letters of<br />

credit payment mechanisms." John F. Dolan, Distinguished Professor at Wayne State University<br />

Law School.<br />

The Uniform Customs and Practice for Documentary Credits (UCP), developed by <strong>ICC</strong>, are rules<br />

used by letter of credit practitioners the world over. But most practitioners know very little<br />

about the UCP’s creation and how they have developed over the years. The Complete UCP<br />

traces the history of the rules from their inception more than 70 years ago through their latest<br />

revision, UCP 600, which came into effect on 1 July 2007.<br />

Written and compiled by Dan Taylor, Vice-Chairman of the <strong>ICC</strong> Banking Commission, this<br />

valuable collection contains the full text of the seven versions of the UCP that have appeared<br />

since 1933, as well as their antecedents, which date back to 1920. Each text is accompanied by<br />

an incisive commentary explaining the major changes from one UCP to another. More than just<br />

a history, The Complete UCP provides valuable insights into the most successful private rules<br />

for trade ever developed. This important work will enhance your understanding of UCP 600.<br />

For More Information contact :<br />

<strong>ICC</strong> <strong>India</strong><br />

Tel : +91 11 23322472, 23738760-70 Extn : 375<br />

Email : iccindia@iccindiaonline.org<br />

The Complete UCP<br />

Uniform Customs and Practice for Documentary<br />

Credits<br />

Texts, Rules and History 1920-2007<br />

Dan Taylor<br />

<strong>ICC</strong> Publication No. 683, 2008 Edition<br />

Price : Rs 6000 (Paper)<br />

Rs 5200 (Ebook)

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