UCP 600: AN IMPROVEMENT ON UCP 500?
| dc.contributor.author | KUDIRAT MAGAJI W. OWOLABI | |
| dc.date.accessioned | 2025-03-12T12:54:01Z | |
| dc.date.available | 2025-03-12T12:54:01Z | |
| dc.date.issued | 2016 | |
| dc.description | NONE | |
| dc.description.abstract | The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules governing credits drafted by the International Chamber of Commerce (ICC). While the UCP have no legislative force, they are in effect the world standard for the almost universal operation of letters of credit. Indeed, so pervasive is their incorporation into letters of credit that the ICC, whose Banking Commission generates the UCP, has, in the latest version of the instrument, called the UCP a set of Rules. The objective of UCP is to create a set rule that would establish uniformity in practice followed by parties in handling letter of credit. The UCP represents the work of a private international organization, ICC, which insists on self regulations and remains the most successful set of private rules for international trade ever developed. | |
| dc.description.sponsorship | none | |
| dc.identifier.issn | 9783330323971 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/4649 | |
| dc.language.iso | en | |
| dc.title | UCP 600: AN IMPROVEMENT ON UCP 500? | |
| dc.type | Book |