Is the time right for UCP 700?

2018-05-24T14:54:03+00:00January 16th, 2017|

(Updated 27th April 2017) It is estimated that around 70% of documents presented under documentary letters of credit are rejected upon first presentation to banks due to discrepancies (or apparent discrepancies). In 2007, the International Chamber of Commerce published the latest revision of its rules - "Uniform Customs and Practice for Documentary Credits, Publication 600", [...]