These days I am reading ucp600 and found something not fair for buyers.




I think it focuses too much on sellers , but buyers are required to be protected.


That's really unfair!!


btw, Click this to download the file



I hope someone familiar with this can state some difference between ucp500 and ucp600

Quoting from [foreach]:


These days I am reading ucp600 and found something not fair for buyers.





I think it focuses too much on sellers , but buyers are required to be protected.



That's really unfair!!


btw, Click this to download the file




I hope someone familiar with this can state some difference between ucp500 and ucp600

What is it that you think is unfair?

How could you say that, UCP600 had been under assessment by thousand experts before it can be applied  to practice. You can't challenge authority.

Quoting from [foreach]:


These days I am reading ucp600 and found something not fair for buyers.





I think it focuses too much on sellers , but buyers are required to be protected.



That's really unfair!!


btw, Click this to download the file




I hope someone familiar with this can state some difference between ucp500 and ucp600

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What is it that you think is unfair?

I think you list the unfair things.

thanks

Quoting from [sophy23]:

Quoting from [foreach]:



These days I am reading ucp600 and found something not fair for buyers.






I think it focuses too much on sellers , but buyers are required to be protected.




That's really unfair!!


btw, Click this to download the file





I hope someone familiar with this can state some difference between ucp500 and ucp600

Hot Topics Recommend

Certs for importing phones

Certs for importing phones? Going to the Canton Fair? Releasing goods from PAD Forwarding agent liabilities Someone copied my pictures Looking for a watch supplier

What is it that you think is unfair?

I think you list the unfair things.

thanks

Maybe you have to read and analize carefully, UCP600 is simultaniously expert's product with many revision to get the best form. you can not jugde it unfair after reading once or twice .

But for new people who knows Letter of credit, usually define LC as an instrument from the Bank to cover seller's risk of payment of the goods from the buyer. they sometimes not found that the buyer's risk is covered too as stated in documentary requirement and terms and conditions of Letter of Creditr,

LC and UCP600 is still the best form (up today) to covered All Parties Risks actually.

Rgds,