expressly governed by the latest
version of Uniform Customs and Practice (UCP) for documentary
credit. The first defendant bank undertook to pay the specified
amount ... discrepant. There is also a time limit stated
by the different UCPs and in this case UCP 600 within which the
opening bank
contrary to Uniform
Customs & Practice for Documentary Credit 1999 (in short UCP 500). On being so
constrained, the Plaintiff instituted the present suit with ... respect of the second consignment in terms of
the Article 14 of UCP-500. The Defendant No.1 also referred to Article 23 Section
negotiated before its expiry on 15th
November, 1998, in terms of UCP 500?
7. To what reliefs, if any, is the plaintiff entitled ... Commerce Publication No. 500 commonly
known as Uniform Customs and Practice 500 (UCP 500). The Letter of
Credit is freely negotiable at any bank
raise no
discrepancy in terms of Article 14 of UCP-600 (for short "UCP") for
negotiation by the plaintiff through the proforma defendant ... failed to raise any discrepancy in terms of Article 14 of UCP, the
plaintiff states, the defendants have made themselves liable to pay
the entire
2025
In CS-COM/680/2024
A.R., J.
5
UCP-600. The petitioner had still obtained a letter, dated February
29, 2024 waiving ... defendant no.1 as confirming
bank as defined under Article 8 of UCP. In paragraph 22 to the
plaint, the plaintiff states the role
2025
In CS-COM/680/2024
A.R., J.
5
UCP-600. The petitioner had still obtained a letter, dated February
29, 2024 waiving ... defendant no.1 as confirming
bank as defined under Article 8 of UCP. In paragraph 22 to the
plaint, the plaintiff states the role
raise no
discrepancy in terms of Article 14 of UCP-600 (for short "UCP") for
negotiation by the plaintiff through the proforma defendant ... failed to raise any discrepancy in terms of Article 14 of UCP, the
plaintiff states, the defendants have made themselves liable to pay
the entire
Documentary Credits, 1993 Revision, International
Chamber of Commerce Publication No. 500 (UCP 500) were
applicable to the letter of credit concerned. On a true
construction ... provisions of the UCP 500, the plaintiff was
bound and obliged to produce the original of the radiation
certificate. The plaintiff not having done
Documentary Credits formulated by the
International Chamber of Commerce (hereinafter referred as UCP 500) to
which most credits are made subject, as any arrangement, however ... UCPDC Rules.
The letter of credit under consideration is governed by UCP 500.
The plaintiff is the importer. The defendant No.3 is the overseas
credit being
furnished by the plaintiff exporter.
There is no doubt that UCP 600 applies to the
transaction and the plaintiff and the first defendant ... unless it had
pointed out any discrepancy within the time permitted under UCP
600.
Article 14(b) of UCP 600 provides, inter alia, that
