customs and practice

customs and practice
Richtlinien und Gebräuche

First banking dictionary. . 2014.

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  • Uniform Customs and Practice for Documentary Credits — The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilised by bankers and commercial parties in more than 175 countries in trade finance. Some 11 15% of… …   Wikipedia

  • Uniform Customs and Practice for Documentary Credits — (UCP) Produced by the International Chamber of Commerce (ICC), an international set of rules governing the rights and obligations of traders and banks under letters of credit. The most recent edition is the UCP 600, the successor to the UCP 500,… …   Law dictionary

  • Uniform Customs and Practice for Commercial Documentary Credits — (UCP) A publication of the International Chamber of Commerce which codifies the widespread understanding of bankers and merchants about the mechanics and operations of letters of credit. The UCP is law in the sense that the typical commercial… …   Black's law dictionary

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