UCP600Uniform Customs and Practice (guide)
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The session, entitled Uniform Customs and Practice Documentary Credit - 600 (UCP600) and Letter of Credit (LC), was attended by finance and trade executives from different corporations in Bahrain.
In the order of preference, these are the International Standby Practices (International Chamber of Commerce publication 590, or "ISP98"), the Uniform Customs and Practice for Documentary Credits (ICC publication 600, or "UCP600") and the Uniform Rules for Demand Guarantees (ICC publication 458, or "URDG").
The afternoon portion of the program will focus on the new UCP600 program.