2021-2022年收藏的精品资料《跟单信用证统一惯例》UCP500英文版94053717.doc

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1、跟单信用证统一惯例UCP500（英文版）A. GENERAL PROVISIONS AND DEFINITIONS Article 1. Application of UCP The Uniform Customs and Practice for Documentary Credits, 1993 Revision, ICC Publication No. 500, shall apply to all documentary Credits (including to the extent to which they may be applicable, Standby Letter(s)

2、 of Credit) where they are incorporated into the text of the Credit. They are binding on all parties thereto, unless otherwise expressly stipulated in the Credit. Article 2. Meaning of Credit For the purposes of these Articles, the expressions Documentary Credit (s) and Standby Letter(s) of Credit (

3、hereinafter referred to as Credit (s) ), mean any arrangement, however named or described, whereby a bank (the Issuing Bank) acting at the request and on the instructions of a customer (the Applicant) or on its own behalf, i) is to make a payment to or to the order of a third party(the Beneficiary),

4、 or is to accept and pay bills of exchange(Draft(s) drawn by the Beneficiary, or ii) authorizes another bank to effect such payment, or to accept and pay such bills of exchange(Draft(s), or iii) authorizes another bank to negotiate, against stipulated document(s), provided that the terms and conditi

5、ons of the Credit are complied with. For the purposes of these Articles, branches of a bank in different countries are considered another bank. Article 3. Credits v. Contracts a. Credits, by their nature, are separate transactions from the sales or other contract(s) on which they may be based and ba

6、nks are in no way concerned with or bound by such contract(s), even if any reference whatsoever to such contract(s) is included in the Credit. Consequently, the undertaking of a bank to pay, accept and pay Draft(s) or negotiate and/or to fulfill any other obligation under the Credit, is not subject

7、to claims or defenses by the Applicant resulting from his relationships with the Issuing Bank or the Beneficiary. b. A Beneficiary can in no case avail himself of the contractual relationships existing between the banks or between the Applicant and the Issuing Bank. Article 4. Documents v. Goods/Ser

8、vices/Performances In Credit operations all parties concerned deal with documents, and not with goods, services and/or other performances to which the documents may relate. Article 5. Instructions to Issue/Amend Credits a. Instructions for the issuance of a Credit, the Credit itself, instructions fo

9、r an amendment thereto, and the amendment itself, must be complete and precise. In order to guard against confusion and misunderstanding, banks should discourage any attempt i) to include excessive detail in the Credit or in any amendment thereto; ii) to give instructions to issue, advise or confirm

10、 a Credit by reference to a Credit previously issued (similar Credit) where such previous Credit has been subject to accepted amendment(s), and/or unaccepted amendment(s), b. All instructions for the issuance of a Credit and the Credit itself and, where applicable, all instructions for an amendment

11、thereto and the amendment itself, must state precisely the document(s) against which payment, acceptance or negotiation is to be made. B. FORM AND NOTIFICATIOIN OF CREDITS Article 6. Revocable v. Irrevocable Credits a. A Credit may be either i) revocable, or ii) irrevocable. b. The Credit, therefore

12、, should clearly indicate whether it is revocable or irrevocable. c. In the absence of such indication the Credit shall be deemed to be irrevocable. Article 7. Advising Banks Liability a. A Credit may be advised to a Beneficiary through another bank (the Advising Bank) without engagement on the part

13、 of the Advising Bank, but that bank, if it elects to advise the Credit, shall take reasonable care to check the apparent authenticity of the Credit which it advises. If the bank elects not to advise the Credit, it must so inform the Issuing Bank without delay. b. If the Advising Bank cannot establi

14、sh such apparent authenticity it must inform, without delay, the bank from which the instructions appear to have been received that it has been unable to establish the authenticity of the Credit and if it elects nonetheless to advise the Credit it must inform the Beneficiary that it has not been abl

15、e to establish the authenticity of the Credit. Article 8. Revocation of Credit a. A revocable Credit may be amended or cancelled by the Issuing Bank at any moment and without prior notice to the Beneficiary. b. However, the Issuing Bank must: i) reimburse another bank with which a revocable Credit h

16、as been made available for sight payment, acceptance or negotiation-for any payment, acceptance or negotiation made by such bank-prior to receipt by it of notice of amendment or cancellation, against documents which appear on their face to be in compliance with the terms and conditions of the Credit

17、, ii) reimburse another bank with which a revocable Credit has been made available for deferred payment, if such a bank has, prior to receipt by it of notice of amendment or cancellation, taken up documents which appear on their face to be in compliance with the terms and conditions of the Credit. A

18、rticle 9. Liability of Issuing and Confirming Banks a. An irrevocable Credit constitutes a definite undertaking of the Issuing Bank, provided that the stipulated documents are presented to the Nominated Bank or to the Issuing Bank and that the terms and conditions of the Credit are complied with: i)

19、 if the Credit provides for sight payment-to pay at sight; ii) if the Credit provides for deferred payment-to pay on the maturity date(s) determinable in accordance with the stipulations of the Credit; iii) if the Credit provides for acceptance; (a) by the Issuing Bank-to accept Draft(s) drawn by th

20、e Beneficiary on the Issuing Bank and pay them at maturity, or (b) by another drawee bank-to accept and pay at maturity Draft(s) drawn by the Beneficiary on the Issuing Bank in the event the drawee bank stipulated in the Credit does not accept Draft(s) drawn on it, or to pay Draft(s) accepted but no

21、t paid by such drawee bank at maturity; iv) if the Credit provides for negotiation-to pay without recourse to drawers and/or bona fide holders, Draft(s) drawn by the Beneficiary and/or document(s) presented under the Credit. Draft(s) on the Applicant should not issue a Credit available. If the Credi

22、t nevertheless calls for Draft(s) on the Applicant, banks will consider such Draft(s) as an additional document(s). b. A confirmation of an irrevocable Credit by another bank (theConfirminn Bank) upon the authorization or request of the Issuing Bank, constitutes a definite undertaking of the Confirm

23、ing Bank, in addition to that of the Issuing Bank, provided that the stipulated documents are presented to the Confirming Bank or to any other Nominated Bank and that the terms and conditions of the Credit are complied with: i) if the Credit provides for sight payment-to pay at sight; ii) if the Cre

24、dit provides for deferred payment-to pay on the maturity date(s) determinable in accordance with the stipulations of the Credit; iii) if the Credit provides for acceptance: (a) by the Confirming Bank-to accept Draft(s) drawn by the Beneficiary on the Confirming Bank and pay them at maturity, or (b)

25、by another drawee bank-to accept and pay at maturity Draft(s) drawn by the Beneficiary on the Confirming Bank, in the event the drawee bank stipulated in the Credit does not accept Draft(s) drawn on it, or to pay Draft(s) accepted but not paid by such drawee bank at maturity; iv) if the Credit provi

26、des for negotiation-to negotiate without recourse to drawers and/or bonfire holders, Draft(s) drawn by the Beneficiary and/or document(s) presented under the Credit. A Credit should not be issued available by Draft(s) on the Applicant. If the Credit nevertheless calls for Draft(s) on the Applicant,

27、banks will consider such Draft(s) as an additional document(s). c. i) If another bank is authorized or requested by the Issuing Bank to add its confirmation to a Credit but is not prepared to do so, it must so inform the Issuing Bank without delay. ii) Unless the Issuing Bank specifies otherwise in

28、its authorization or request to add confirmation, the Advising Bank may advise the Credit to the Beneficiary without adding its confirmation. d. i) Except as otherwise provided by Article 48, an Irrevocable Credit can neither be amended nor cancelled without the agreement of the Issuing Bank, the Co

29、nfirming Bank, if any, and the Beneficiary. ii) The Issuing Bank shall be irrevocably bound by an amendment(s) issued by it from the time of the issuance of such amendment(s). A Confirming Bank may extend its confirmation to an amendment and shall be irrevocably bound as of the time of its advice of

30、 the amendment. A Confirming Bank may, however, choose to advise an amendment to the Beneficiary without extending its confirmation and if so, must inform the Issuing Bank and the Beneficiary without delay. iii) The terms of the original Credit(or a Credit incorporating previously accepted amendment

31、(s) will remain in force for the Beneficiary until the Beneficiary communicates his acceptance of the amendment to the bank that advised such amendment. The Beneficiary should give notification of acceptance or rejection of amendment (s). If the Beneficiary fails to give such notification, the tende

32、r of documents to the Nominated Bank or Issuing Bank, that conform to the Credit and to not yet accepted amendment(s), will be deemed to be notification of acceptance by the Beneficiary of such amendment(s) and as of that moment the Credit will be amended. iv) Partial acceptance of amendments contai

33、ned in one and the same advice of amendment is not allowed and consequently will not be given any effect. Article 10. Types of Credit a. All Credits must clearly indicate whether they are available by sight payment, by deferred payment, by acceptance or by negotiation. b. i) Unless the Credit stipul

34、ates that it is available only with the Issuing Bank, all Credits must nominate the bank(the Nominated Bank) which is authorized to pay, to incur a deferred payment undertaking, to accept Draft(s) or to negotiate. In a freely negotiable Credit, any bank is a Nominated Bank Presentation of documents

35、must be made to the Issuing Bank or the Confirming Bank, if any, or any other Nominated Bank. Negotiation means the giving of value for Draft(s) and/or document(s) by the bank authorized to negotiate. Mere examination of the documents without giving of value does not constitute a negotiation. c. Unl

36、ess the Nominated Bank is the Confirming Bank, nomination by the Issuing Bank does not constitute any undertaking by the Nominated Bank to pay, to incur a deferred payment undertaking, to accept Draft (s), or to negotiate. Except where expressly agreed to by the Nominated Bank and so communicated to

37、 the Beneficiary, the Nominated Banks receipt of and/or examination and/or forwarding of the documents does not make that bank liable to pay, to incur a deferred payment undertaking, to accept Draft(s), or to negotiate. d. By nominating another bank, or by allowing for negotiation by any bank, or by

38、 authorizing or requesting another bank to add its confirmation, the Issuing Bank authorizes such bank to pay, accept Draft(s) or negotiate as the case may be, against documents which appear on their face to be in compliance with the terms and conditions of the Credit and undertakes to reimburse suc

39、h bank in accordance with the provisions of these Articles. Article 11. Teletransmitted and Pre-Advised Credits a. i) When an Issuing Bank instructs an Advising Bank by an authenticated teletransmission to advise a Credit or an amendment to a Credit, the teletransmission will be deemed to be the ope

40、rative Credit instrument or the operative amendment, and no mail confirmation should be sent. Should a mail confirmation nevertheless be sent, it will have no effect and the Advising Bank will have no obligation to check such mail confirmation against the operative Credit instrument or the operative

41、 amendment received by teletransmission. ii) If the teletransmission states full details to follow(or words of similar effect) or states that the mail confirmation is to be the operative Credit instrument or the operative amendment, then the teletransmission will not be deemed to be the operative Cr

42、edit instrument or the operative amendment. The Issuing Bank must forward the operative Credit instrument or the operative amendment to such Advising Bank without delay. b. If a bank uses the services of an Advising Bank to have the Credit advised to the Beneficiary, it must also use the services of

43、 the same bank for advising an amendment(s) c. A preliminary advice of the issuance or amendment of an irrevocable Credit (pre-advice) shall only be given by an Issuing Bank if such bank is prepared to issue-the operative Credit instrument or the operative amendment thereto. Unless otherwise stated

44、in such preliminary advice by the Issuing Bank, an Issuing Bank having given such pre-advice shall be irrevocably committed to issue or amend the Credit, in terms not inconsistent with the pre-advice, without delay. Article 12. Incomplete or Unclear Instructions If incomplete or unclear instructions

45、 are received to advise, confirm of amend a Credit, the bank requested to act on such instructions may give preliminary notification to the Beneficiary for information only and without responsibility. This preliminary notification should state clearly that the notification is provided for informatio

46、n only and without the responsibility of the Advising Bank. In any event, the Advising Bank must inform the Issuing Bank of the action taken and request it to provide the necessary information. The Issuing Bank must provide the necessary information without delay. The Credit will be advised, confirm

47、ed or amended, only when complete and clear instructions have been received and if the Advising Bank is then prepared to act on the instructions. C. LIABILITIES AND RESPONSIBILITIES Article 13. Standard for Examination of Documents a. Banks must examine all documents stipulated in the Credit with re

48、asonable care, to ascertain whether or not they appear, on their face, to be in compliance with the terms and conditions of the Credit. Compliance of the stipulated documents on their face with the terms and conditions of the credit, shall be determined by international standard banking practice as

49、reflected in these Articles. Documents, which appear on their face to be inconsistent with one another, will be considered as not appearing on their face to be in compliance with the terms and conditions of the Credit. Documents not stipulated in the Credit will not be examined by banks. If they receive such documents, they shall return them to the presenter or pass th