信用证ucp500条款英文版.docx
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信用证ucp500条款英文版
UniformCustomsandPracticeforDocumentaryCredits（1993Revision）
A.GENERALPROVISIONSANDDEFINITIONS
Article1.ApplicationofUCP
TheUniformCustomsandPracticeforDocumentaryCredits,1993Revision,ICCPublicationNo.500,shallapplytoalldocumentaryCredits（includingtotheextenttowhichtheymaybeapplicable,StandbyLetter（s）ofCredit）wheretheyareincorporatedintothetextoftheCredit.Theyarebindingonallpartiesthereto,unlessotherwiseexpresslystipulatedintheCredit.
Article2.MeaningofCredit
ForthepurposesoftheseArticles,theexpressions"DocumentaryCredit（s）"and"StandbyLetter（s）ofCredit"（hereinafterreferredtoas"Credit（s）"）,rmeananyarrangement,howevernamedordescribed,wherebyabank（the"IssuingBank"）actingattherequestandontheinstructionsofacustomer（the"Applicant"）oronitsownbehalf,
i）istomakeapaymenttoortotheorderofathirdparty（the"Beneficiary"）,oristoacceptandpaybillsofexchange（Draft（s））drawnbytheBeneficiary,or
ii）authorisesanotherbanktoeffectsuchpayment,ortoacceptandpaysuchbillsofexchange（Draft（s））,or
iii）authorisesanotherbanktonegotiate,againststipulateddocument（s）,providedthatthetermsandconditionsoftheCreditarecompliedwith.ForthepurposesoftheseArticles,branchesofabankindifferentcountreisareconsideredanotherbank.
Article3.Creditsv.Contracts
a.Credits,bytheirnature,areseparatetransactionsfromthesalesorothercontract（s）onwhichtheymaybebasedandbanksareinnowayconcernedwithorboundbysuchcontract（s）,evenifanyreferencewhatsoevertosuchcontract（s）isincludedintheCredit.Consequently,theundertakingofabanktopay,acceptandpayDraft（s）ornegotiateand/ortofulfilanyotherobligationundertheCredit,isnotsubjecttoclaimsordefencesbytheApplicantresultingfromhisrelationshipswiththeIssuingBankortheBeneficiary.
b.ABeneficiarycaninnocaseavailhimselfofthecontractualrelationshipsexistingbetweenthebanksorbetweentheApplicantandtheIssuingBank.
Article4.Documentsv.Goods/Services/Performances
InCreditoperationsallpartiesconcerneddealwithdocuments,andnotwithgoods,servicesand/orotherperformancestowhichthedocumentsmayrelate.
Article5.InstructionstoIssue/AmendCredits
a.InstructionsfortheissuanceofaCredit,theCredititself,instructionsforanamendmentthereto,andtheamendmentitself,mustbecompleteandprecise.Inordertoguardagainstconfusionandmisunderstanding,banksshoulddiscourageanyattempt
i）toincludeexcessivedetailintheCreditorinanyamendmentthereto;
ii）togiveinstructionstoissue,adviseorconfirmaCreditbyreferencetoaCreditpreviouslyissued（similarCredit）wheresuchpreviousCredithasbeensubjecttoacceptedamendment（s）,and/orunacceptedamendment（s）,
b.AllinstructionsfortheissuanceofaCreditandtheCredititselfand,whereapplicable,allinstructionsforanamendmenttheretoandtheamendmentitself,muststatepreciselythedocument（s）againstwhichpayment,acceptanceornegotiationistobemade.
B.FORMANDNOTIFICATIOINOFCREDITS
Article6.Revocablev.IrrevocableCredits
a.ACreditmaybeeither
i）revocable,or
ii）irrevocable.
b.TheCredit,therefore,shouldclearlyindicatewhetheritisrevocableorirrevocable.
c.IntheabsenceofsuchindicationtheCreditshallbedeemedtobeirrevocable.
Article7.AdvisingBanksLiability
a.ACreditmaybeadvisedtoaBeneficiarythroughanotherbank（the"AdvisingBank"）withoutengagementonthepartoftheAdvisingBank,butthatbank,ifitelectstoadvisetheCredit,shalltakereasonablecaretochecktheapparentauthenticityoftheCreditwhichitadvises.IfthebankelectsnottoadvisetheCredit,itmustsoinformtheIssuingBankwithoutdelay.
b.IftheAdvisingBankcannotestablishsuchapparentauthenticityitmustinform,withoutdelay,thebankfromwhichtheinstructionsappeartohavebeenreceivedthatithasbeenunabletoestablishtheauthenticityoftheCreditandifitelectsnonethelesstoadvisetheCredititmustinformtheBeneficiarythatithasnotbeenabletoestablishtheauthen,ticityoftheCredit.
Article8.RevocationofaCredit
a.ArevocableCreditmaybeamendedorcancelledbytheIssuingBankatanymomentandwithoutpriornoticetotheBeneficiary.
b.However,theIssuingBankmust:
i）reimburseanotherbankwithwhicharevocableCredithasbeenmadeavailableforsightpayment,acceptanceornegotiation-foranypayment,acceptanceornegotiationmadebysuchbank-priortoreceiptbyitofnoticeofamendmentorcancellation,againstdocumentswhichappearontheirfacetobeincompliancewiththetermsandconditionsoftheCredit,
ii）reimburseanotherbankwithwhicharevocableCredithasbeenmadeavailablefordeferredpayment,ifsuchabankhas,priortoreceiptbyitofnoticeofamendmentorcancellation,takenupdocumentswhichappearontheirfacetobeincompliancewiththetermsandconditionsoftheCredit.
Article9.LiabilityofIssuingandConfirmingBanks
a.AnirrevocableCreditconstitutesadefiniteundertakingoftheIssuingBank,providedthatthestipulateddocumentsarepresentedtotheNominatedBankortotheIssuingBankandthatthetermsandconditionsoftheCreditarecompliedwith:
i）iftheCreditprovidesforsightpayment-topayatsight;
ii）iftheCreditprovidesfordeferredpayment-topayonthematuritydate（s）determinableinaccordancewiththestipulationsoftheCredit;
iii）iftheCreditprovidesforacceptance;
（a）bytheIssuingBank-toacceptDraft（s）drawnbytheBeneficiarqontheIssuingBankandpaythematmaturity,or
（b）byanotherdraweebank-toacceptandpayatmaturityDraft（s）drawnbytheBeneficiaryontheIssuingBankintheeventthedraweebankstipulatedintheCreditdoesnotacceptDraft（s）drawnonit,ortopayDraft（s）acceptedbutnotpaidbysuchdraweebankatmaturity;
iv）iftheCreditprovidesfornegotiation-topaywithoutrecoursetodrawersand/orbonafideholders,Draft（s）drawnbytheBeneficiaryand/ordocument（s）presentedundertheCredit.ACreditshouldnotbeissuedavailablebyDraft（s）ontheApplicant.IftheCreditneverthelesscallsforDraft（s）ontheApplicant,bankswillconsidersuchDraft（s）asanadditionaldocument（s）.
b.AconfirmationofanirrevocableCreditbyanotherbank（the"ConfirminnBank"）upontheauthorisationorrequestoftheIssuingBank,constitutesadefiniteundertakingoftheConfirmingBank,inadditiontothatoftheIssuingBank,providedthatthestipulateddocumentsarepresentedtotheConfirmingBankortoanyotherNominatedBankandthatthetermsandconditionsoftheCreditarecompliedwith:
i）iftheCreditprovidesforsightpayment-topayatsight;
ii）iftheCreditprovidesfordeferredpayment-topayonthematuritydate（s）determinableinaccordancewiththestipulationsoftheCredit;
iii）iftheCreditprovidesforacceptance:
（a）bytheConfirmingBank-toacceptDraft（s）drawnbytheBeneficiaryontheConfirmingBankandpaythematmaturity,or
（b）byanotherdraweebank-toacceptandpayatmaturityDraft（s）drawnbytheBeneficiaryontheConfirmingBank,intheeventthedraweebankstipulatedintheCreditdoesnotacceptDraft（s）drawnonit,ortopayDraft（s）acceptedbutnotpaidbysuchdraweebankatmaturity;
iv）iftheCreditprovidesfornegotiation-tonegotiatewithoutrecoursetodrawersand/orbonafideholders,Draft（s）drawnbytheBeneficiaryand/ordocument（s）presentedundertheCredit.ACreditshouldnotbeissuedavailablebyDraft（s）ontheApplicant.IftheCreditneverthelesscallsforDraft（s）ontheApplicant,bankswillconsidersuchDraft（s）asanadditionaldocument（s）.
c.i）IfanotherbankisauthorisedorrequestedbytheIssuingBanktoadditsconfirmationtoaCreditbutisnotpreparedtodoso,itmustsoinformtheIssuingBankwithoutdelay.
ii）UnlesstheIssuingBankspecifiesotherwiseinitsauthorisationorrequesttoaddconfirmation,theAdvisingBankmayadvisetheCredittotheBeneficiarywithoutaddingitsconfirmation.
d.i）ExceptasotherwiseprovidedbyArticle48,anIrrevocableCreditcanneitherbeamendednorcancelledwithouttheagreementoftheIssuingBank,theConfirmingBank,ifany,andtheBeneficiary.
ii）TheIssuingBankshallbeirrevocablyboundbyanamendment（s）issuedbyitfromthetimeoftheissuanceofsuchamendment（s）.AConfirmingBankmayextenditsconfirmationtoanamendmentandshallbeirrevocablyboundasofthetimeofitsadviceoftheamendment.AConfirmingBankmay,however,choosetoadviseanamendmenttotheBeneficiarywithoutextendingitsconfirmationandifso,mustinformtheIssuingBankandtheBeneficiarywithoutdelay.
iii）ThetermsoftheoriginalCredit（oraCreditincorporatingpreviouslyacceptedamendment（s））willremaininforcefortheBeneficiaryuntiltheBeneficiarycommunicateshisacceptanceoftheamendmenttothebankthatadvisedsuchamendment.TheBeneficiaryshouldgivenotificationofacceptanceorrejectionofamendment（s）.IftheBeneficiaryfailstogivesuchnotification,thetenderofdocumentstotheNominatedBankorIssuingBank,thatconformtotheCreditandtonotyetacceptedamendment（s）,willbedeemedtobenotificationofacceptancebytheBeneficiaryofsuchamendment（s）andasofthatmomenttheCreditwillbeamended.
iv）Partialacceptanceofamendmentscontainedinoneandthesameadviceofamendmentisnotallowedandconsequentlywillnotbegivenanyeffect.
Article10.TypesofCredit
a.
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