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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
105

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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UCP 600 ARTICLES 30 AND 31

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

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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