UCP600, Revision of

Diverse Views Define UCP Revision Voting

There will be no revision of the UCP 600 rules undertaken by the ICC Banking Commission at this time. Additionally,

Christopher Byrnes Apr 15, 2026

ICC Unveils Two-Year UCP, ISBP Action Plan

Billed as a deliberate shift from rule revision to rule optimisation, the ICC Banking Commission’s 2026-2027 Action Plan – UCP/

Christopher Byrnes Apr 15, 2026

DCW Articles

Why We Need UCP Revision and More Purposeful Education

Although ICC has opted not to pursue UCP revision at this time, trade finance consultant Miguel Bustamante explains why he believes both revision and education are needed and are not mutually exclusive.

Miguel Angel Bustamante Morales Apr 14, 2026

DCW Updates

ICC NCs to Comment on Future of UCP600, ISBP

Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from

Christopher Byrnes Feb 16, 2026

DCW Articles

Revising UCP 600: Weighing the Issues, Merits, and Challenges

In the fifth instalment of his DCW article series on major contemporary issues surrounding documentary credit practice, ICC Banking Commission Senior Technical Advisor Dave Meynell offers his thoughts on the highly-charged question: Is it time for UCP to be revised?

Dave Meynell Mar 12, 2025

DCW Articles

Receiving Direct Presentation from a Second Beneficiary: What’s an Issuing Bank to Do?

How are LC specialists to understand UCP600 Article 38(k) in situations where a second beneficiary bypasses the transferring bank and presents documents directly to the issuing bank? Scenarios, fundamental issues, and a proposal for revising this UCP sub-article are addressed here.

A.T.M. Nesarul Hoque Jan 16, 2025

DCW Updates

Dave Meynell Reacts to June 2024 DCW Articles

Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.

Dave Meynell Jul 8, 2024