Chinese walker

By Gary Collyer

In the September edition of this newsletter we covered the issues pertaining to UCP 500 Articles 9, 13 and 14. Here, we focus on the remaining four articles – 21, 23, 37 and 48 – and look at some of the issues raised in those 58% of Opinions and whether they have had any bearing on the content of the final text of the UCP 600. The text of which is currently with the National Committees of the ICC for their consideration and voting at the ICC Banking Commission meeting on October 25, 2006.
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By Gary Collyer
In the July edition of this newsletter it was stated that the Task Force engaged by the ICC Banking Commission – to deliver recommendations as to the structure of a revision of UCP 500 – had identified (amongst others) that:Seven articles of UCP 500 had accounted for over 58% of all Opinions issued by the Banking Commission; and that Seventeen articles had given rise to either none, one or two Opinions.

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