Articles by Month
Signing of Charter Party Bills of Lading
CPBL's are bills of lading that
are issued subject to the terms and conditions of a charter party...
UCP comparison Part 8 - Transfer & Assignment
Article 38 - Transfer
The concept of a transfer under a credit was outlined in
the first UCP, publication 82: "A
credit can only be transferred on the express authority of the principal...
UCP 600 comparison Part 7 - Disclaimers
Article 34 - Disclaimer
UCP 82, article 11, contains a
disclaimer rule that is not too dissimilar to that which appears in UCP 600,
article 34 - "Banks assume no liability
or responsibility for the form, sufficiency, correctness, genuineness,
falsification or legal effect of any documents or papers, or for the
description, quantity, weight, quality, condition, packing, delivery or value
of goods represented thereby, or for the general and/or particular conditions
stipulated in the documents, or for the good faith or acts of the consignee or
any other person whomsoever, or for the solvency, standing, of the carriers or
insurers of the goods...
UCP comparison Part 6 - Articles 29-33
Article 29 - Extension
UCP 82, article 40, contained a
rule regarding the expiry date falling on a non-banking day that is not too
dissimilar from that which appears in UCP 600 sub-articles 29 (a) and (c)...
UCP comparison Part 5 - Shipping Documents
Article 19 - Combined Transport document
The first reference to such a
document appeared in UCP 290, article 23...
UCP comparison Part 4 - Invoice and Insurance
Article 18 - Invoice
The content of UCP 82 included
two articles related to invoices...
UCP comparison Part 3 - Examination of documents, compliance and discrepancies
Article 14 - Examination of documents
UCP 82, article 10, contained a
very simple rule regarding the examination of documents - 'Banks must examine all documents and papers with care so as to
ascertain that on their face they appear to be in order...
UCP comparison Part 2 - Bank responsibilities
Article 6 - Presentation requirements
UCP 82, article 38, only made
allowance for credits that were available by payment and the credit was to
indicate a time for it to remain in force for payment or shipment...