The uniform customs and practice for documentary credits ucp is a set of rules on the issuance and use of letters of credit the ucp is utilized by bankers and commercial parties in more than 175 countries in trade finance. Ucp 600 2007 revision approved commercial letters of credit are the lifeblood of the international trade system and for more than 70 years the international chamber of commerce icc has established the rules governing documentary credits worldwide. Icc uniform customs and practice for documentary credits 2007 revision international chamber of commerce on amazoncom free shipping on qualifying offers ucp 600 2007 revision approved by a unanimous vote of 91 to 0 the icc banking commission on october 25. Documentary credits uniform customs and practice for documentary credits is included as an appendix the international chamber of commerce the world business organization based in paris is the global leader in the development of standards rules and reference guides for international trade related icc publications uniform customs and practice for documentary credits international . Article 1 application of ucp the uniform customs and practice for documentary credits 2007 revision icc publication no600 ucp are rules that apply to any
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