International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for letters of credit. These letters then become legally binding when written into the text of the letter.
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Mar 27, 2012... the need for UCP 600 we give hereunder the definition as contained in Article 2 of the ICC, Uniform Customs and Practices, brochure 500: ...
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Jul 17, 2008 ... Article 2 of the ICC, Uniform Customs and Practices, brochure 500 defines a letter of credit as: 'Any arrangement however named or described, ...