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Home Tag Archives: Removing LC available by acceptance

Tag Archives: Removing LC available by acceptance

Deleting “Acceptance” from UCP 600? A Practical Question

By Mr Old Man
April 18, 2026
in :  Mr Old Man, Payment, Q&A
0
130

As discussions continue around whether UCP 600 should be revised, some suggestions focus not on rewriting the rules entirely, but on simplifying specific provisions. One such suggestion is to remove availability by acceptance under Article 6(b), on the basis that drafts are no longer necessary in modern practice. At first glance, this seems reasonable. But as often in trade finance, …

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

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