subject to Uniform
Customs and Practice for Documentary Credit 1993
Revision (UCP 500).
(d) On 8th July, 1996 the bank advised the plaintiff that
they ... advice that there were no
discrepancies in those documents. Under UCP 500, it was a
bounden duty of the bank to scrutinize the documents
negotiated before its expiry on 15th
November, 1998, in terms of UCP 500?
7. To what reliefs, if any, is the plaintiff entitled ... Revision),
International Chamber of Commerce Publication No. 500 commonly
known as Uniform Customs and Practice 500 (UCP 500). The Letter of
Credit is freely negotiable
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
Credits formulated by the
International Chamber of Commerce (hereinafter referred as UCP 500) to
which most credits are made subject, as any arrangement, however named ... 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
documents within the period prescribed of seven banking days under
UCP 500.
2.14. Defendant no.2 and 3 in collusion with each other are depriving ... documents.
4.6. Defendant no.2 did not commit violation of any UCP 500
guidelines as it is a settled proposition of law that unless
compliance of the terms of Letter of
Credit.
6.3. As per UCP 500 Guidelines, defendant no.2 is entitled to reject
the request for encashment ... informed.
6.5. Defendant no.2 acted in compliance with UCP 500 Guidelines
while dealing with the documents filed by defendant no.1 on behalf
Uniform Customs and Practice
for Documentary Credits (hereinafter referred to as „UCP 500‟). I
may mention that though the plea of territorial jurisdiction was
CR76 ... According to Mr. Dhawan, Article 3(b) of the UCP 500
concretizes the rule that credits are separate transactions from
the sales or other contract
Bank (supra) was given
when the earlier Uniform Customs and Practice (UCP 500 or even possibly
the earlier edition existing in the year ... existing, but UCP 500 has
been thereafter replaced by UCP 600, and which is admittedly the document
which is to be considered between the parties
Revised) (International Chamber of Commerce Publication No. 500)
(for short „UCP 500). In furtherance of the same, the plaintiff has
referred to Article ... UCP 500, which provides that the
issuing bank and the confirming bank should, within a period of not
more than seven banking days, either take
Practice for Documentary Credits 1993 revision (for short referred to as UCP 500);
(b) in terms of UCP 500 defendant ... defendant no.2;
(d) defendant no.1 being so entitled under UCP 500, did not accept the designation/responsibility of a nominated bank under
