ICCUNIFORMCUSTOMSANDPRACTICEFORDOCUMENTARYCREDITSUCP600英文中文TOC\o"1-5"\h\zFOREWORD3INTRODUCTION5APPLICATIONOFUCP10DEFINITIONS10INTERPRETATIONS11CREDITSV.CONTRACTS13DOCUMENTSV.GOODS,SERVICESORPERFORMANCE13AVAILABILITY,EXPIRYDATEANDPLACEFORPRESENTATION13ISSUINGBANKUNDERTAKING14CONFIRMINGBANKUNDERTAKING15ADVISINGOFCREDITSANDAMENDMENTS16AMENDMENTS17TELETRANSMITTEDANDPRE-ADVISEDCREDITSANDAMENDMENTS19NOMINATION19BANK-TO-BANKREIMBURSEMENTARRANGEMENTS20STANDARDFOREXAMINATIONOFDOCUMENTS21COMPLYINGPRESENTATION23DISCREPANTDOCUMENTS,WAIVERANDNOTICE23ORIGINALDOCUMENTSANDCOPIES25COMMERCIALINVOICE26TRANSPORTDOCUMENTCOVERINGATLEASTTWODIFFERENTMODESOFTRANSPORT26BILLOFLADING28NON-NEGOTIABLESEAWAYBILL31CHARTERPARTYBILLOFLADING33AIRTRANSPORTDOCUMENT34ROAD,RAILORINLANDWATERWAYTRANSPORTDOCUMENTS36COURIERRECEIPT,POSTRECEIPTORCERTIFICATEOFPOSTING38"ONDECK","SHIPPER'SLOADANDCOUNT",“SAIDBYSHIPPERTOCONTAIN”ANDCHARGESADDITIONALTOFREIGHT38CLEANTRANSPORTDOCUMENT39INSURANCEDOCUMENTANDCOVERAGE39EXTENSIONOFEXPIRYDATEORLASTDAYFORPRESENTATION41TOLERANCEINCREDITAMOUNT,QUANTITYANDUNITPRICES41PARTIALDRAWINGSORSHIPMENTS42INSTALMENTDRAWINGSORSHIPMENTS43HOURSOFPRESENTATION43DISCLAIMERONEFFECTIVENESSOFDOCUMENTS43DISCLAIMERONTRANSMISSIONANDTRANSLATION43FORCEMAJEURE44DISCLAIMERFORACTSOFANINSTRUCTEDPARTY45TRANSFERABLECREDITS45ASSIGNMENTOFPROCEEDS48UCP600中文版“P600第一條UCP的適用范圍48第二條定義49第三條解釋50第四條信用證與合同50第五條單據與貨物、服務或履約行為51第六條兌用方式、截止日和交單地點51第七條開證行責任51第八條保兌行責任52第九條信用證及其修改的通知53第十條修改53第十一條電訊傳輸的和預先通知的信用證和修改54第十二條指定54第十三條銀行之間的償付安排54第十四條單據審核標準55第十五條相符交單56第十六條不符單據、放棄及通知56第十七條正本單據及副本57第十八條商業發票57第十九條涵蓋至少兩種不同運輸方式的運輸單據58第二十條提單59第二十一條不可轉讓的海運單60第二十二條租船合同提單61第二十三條空運單據62第二十四條公路、鐵路或內陸水運單據62第二十五條快遞收據、郵政收據或投郵證明63第二十六條“貨裝艙面”、“托運人裝載和計數”、“內容據托運人報稱”及運費之外的費用。64第二十七條清潔運輸單據64第二十八條保險單據及保險范圍64第二十九條截止日或最遲交單日的順延65第三十條信用證金額、數量與單價的伸縮度65第三十一條部分支款或部分發運66第三十二條分期支款或分期發運66第三十三條交單時間66第三十四條關于單據有效性的免責66第三十五條關于信息傳遞和翻譯的免責66第三十六條不可抗力67第三十七條關于被指示方行為的免責67第三十八條可轉讓信用證67第三十九條款項讓渡69FOREWORDThisrevisionoftheUniformCustomsandPracticeforDocumentaryCredits(commonlycalled“UCP”)isthesixthrevisionoftherulessincetheywerefirstpromulgatedin1933.ItisthefruitofmorethanthreeyearsofworkbytheInternationalChamberofCommerce’s(ICC)CommissiononBankingTechniqueandPractice.ICC,whichwasestablishedin1919,hadasitsprimaryobjectivefacilitatingtheflowofinternationaltradeatatimewhennationalismandprotectionismposedseriousthreatstotheworldtradingsystem.ItwasinthatspiritthattheUCPwerefirstintroduced-toalleviatetheconfusioncausedbyindividualcountries’promotingtheirownnationalrulesonletterofcreditpractice.Theobjective,sinceattained,wastocreateasetofcontractualrulesthatwouldestablishuniformityinthatpractice,sothatpractitionerswouldnothavetocopewithaplethoraofoftenconflictingnationalregulations.TheuniversalacceptanceoftheUCPbypractitionersincountrieswithwidelydivergenteconomicandjudicialsystemsisatestamenttotherules’success.ItisimportanttorecallthattheUCPrepresenttheworkofaprivateinternationalorganization,notagovernmentalbody.Sinceitsinception,ICChasinsistedonthecentralroleofself-regulationinbusinesspractice.Theserules,formulatedentirelybyexpertsintheprivatesector,havevalidatedthatapproach.TheUCPremainthemostsuccessfulsetofprivaterulesfortradeeverdeveloped.Arangeofindividualsandgroupscontributedtothecurrentrevision,whichisentitledUCP600.TheseincludetheUCPDraftingGroup,whichsiftedthroughmorethan5000individualcommentsbeforearrivingatthisconsensustext;theUCPConsultingGroup,consistingofmembersfrommorethan25countries,whichservedastheadvisorybodyreactingtoandproposingchangestothevariousdrafts;themorethan400membersoftheICCCommissiononBankingTechniqueandPracticewhomadeertinentsuggestionsforchangesinthetext;andICCnationalcommitteesworldwidewhichtookanactiveroleinconsolidatingcommentsfromtheirmembers.ICCalsoexpressesitsgratitudetopractitionersinthetransportandInsuranceindustries,whoseperceptivesuggestionshonedthefinaldraft.GuySebbanSecretaryGeneralInternationalChamberofCommerceINTRODUCTIONInMay2003,theInternationalChamberofCommerceauthorizedtheICCCommissiononBankingTechniqueandPractice(BankingCommission)tobeginarevisionoftheUniformCustomsandPracticeforDocumentaryCredits,ICCPublication500.Aswithotherrevisions,thegeneralobjectivewastoaddressdevelopmentsinthebanking,transportandinsuranceindustries.Additionally,therewasaneedtolookatthelanguageandstyleusedintheUCPtoremovewordingthatcouldleadtoinconsistentapplicationandinterpretation.Whenworkontherevisionstarted,anumberofglobalsurveysindicatedthat,becauseofdiscrepancies,approximately70%ofdocumentspresentedunderlettersofcreditwerebeingrejectedonfirstpresentation.Thisobviouslyhad,andcontinuestohave,anegativeeffectontheletterofcreditbeingseenasameansofpaymentand,ifunchecked,couldhaveseriousimplicationsformaintainingorincreasingitsmarketshareasarecognizedmeansofsettlementininternationaltrade.Theintroductionbybanksofadiscrepancyfeehashighlightedtheimportanceofthisissue,especiallywhentheunderlyingdiscrepancieshavebeenfoundtobedubiousorunsound.WhilstthenumberofcasesinvolvinglitigationhasnotgrownduringthelifetimeofUCP500,theintroductionoftheICC’sDocumentaryCreditDisputeResolutionExpertiseRules(DOCDEX)inOctober1997(subsequentlyrevisedinMarch2002)hasresultedinmorethan60casesbeingdecided.Toaddresstheseandotherconcerns,theBankingCommissionestablishedaDraftingGrouptoreviseUCP500.Itwasalsodecidedtocreateasecondgroup,knownastheConsultingGroup,toreviewandadviseonearlydraftssubmittedbytheDraftingGroup.TheConsultingGroup,madeupofover40individualsfrom26countries,consistedofbankingandtransportindustryexperts.Ablyco-chairedbyJohnTurnbull,DeputyGeneralManager,SumitomoMitsuiBankingCorporationEuropeLtd,LondonandCarloDiNinni,Adviser,ItalianBankersAssociation,Rome,theConsultingGroupprovidedvaluableinputtotheDraftingGrouppriortoreleaseofdrafttextstoICCnationalcommittees.TheDraftingGroupbeganthereviewprocessbyanalyzingthecontentoftheofficialOpinionsissuedbytheBankingCommissionunderUCP500.Some500Opinionswerereviewedtoassesswhethertheissuesinvolvedwarrantedachangein,anadditiontooradeletionofanyUCParticle.Inaddition,considerationwasgiventothecontentofthefourPositionPapersissuedbytheCommissioninSeptember1994,thetwoDecisionsissuedbytheCommission(concerningtheintroductionoftheeuroandthedeterminationofwhatconstitutedanoriginaldocumentunderUCP500sub-article20(b)andthedecisionsissuedinDOCDEXcases.Duringtherevisionprocess,noticewastakenoftheconsiderableworkthathadbeencompletedincreatingtheInternationalStandardBankingPracticefortheExaminationofDocumentsunderDocumentaryCredits(ISBP),ICCPublication645.ThispublicationhasevolvedintoanecessarycompaniontotheUCPfordeterminingcomplianceofdocumentswiththetermsoflettersofcredit.ItistheexpectationoftheDraftingGroupandtheBankingCommissionthattheapplicationoftheprinciplescontainedintheISBP,includingsubsequentrevisionsthereof,willcontinueduringthetimeUCP600isinforce.AtthetimeUCP600isimplemented,therewillbeanupdatedversionoftheISBPtobringitscontentsinlinewiththesubstanceandstyleofthenewrules.ThefourPositionPapersissuedinSeptember1994wereissuedsubjecttotheirapplicationunderUCP500;therefore,theywillnotbeapplicableunderUCP600.TheessenceoftheDecisioncoveringthedeterminationofanoriginaldocumenthasbeenincorporatedintothetextofUCP600.TheoutcomeoftheDOCDEXcaseswereinvariablybasedonexistingICCBankingCommissionOpinionsandthereforecontainednospecificissuesthatrequiredaddressingintheserules.OneofthestructuralchangestotheUCPistheintroductionofarticlescoveringdefinitions(article2)andinterpretations(article3).Inprovidingdefinitionsofrolesplayedbybanksandthemeaningofspecifictermsandevents,UCP600avoidsthenecessityofrepetitivetexttoexplaintheirinterpretationandapplication.Similarly,thearticlecoveringinterpretationsaimstotaketheambiguityoutofvagueorunclearlanguagethatappearsinlettersofcreditandtoprovideadefinitiveelucidationofothercharacteristicsoftheUCPorthecredit.Duringthecourseofthelastthreeyears,ICCnationalcommitteeswerecanvassedonarangeofissuestodeterminetheirpreferencesonalternativetextssubmittedbytheDraftingGroup.TheresultsofthisexerciseandtheconsiderableinputfromnationalcommitteesonindividualitemsinthetextisreflectedinthecontentofUCP600.TheDraftingGroupconsidered,notonlythecurrentpracticerelativetothedocumentarycredit,butalsotriedtoenvisagethefutureevolutionofthatpractice.ThisrevisionoftheUCPrepresentstheculminationofoverthreeyearsofextensiveanalysis,review,debateandcompromiseamongstthevariousmembersoftheDraftingGroup,themembersoftheBankingCommissionandtherespectiveICCnationalcommittees.ValuablecommenthasalsobeenreceivedfromtheICCCommissiononTransportandLogistics,theCommissiononCommercialLawandPracticeandtheCommitteeonInsurance.Itisnotappropriateforthispublicationtoprovideanexplanationastowhyanarticlehasbeenwordedinsuchawayorwhatisintendedbyitsincorporationintotherules.ForthoseinterestedinunderstandingtherationaleandinterpretationofthearticlesofUCP600,thisinformationwillbefoundintheCommentarytotherules,ICCPublication601,whichrepresentstheDraftingGroup’sviews.OnbehalfoftheDraftingGroupIwouldliketoextendourdeepappreciationtothemembersoftheConsultingGroup,ICCnationalcommitteesandmembersoftheBankingCommissionfortheirprofessionalcommentsandtheirconstructiveparticipationinthisprocess.SpecialthanksareduetothemembersoftheDraftingGroupandtheirinstitutions,whoarelistedbelowinalphabeticalorder.NicoleKeller-VicePresident,ServiceInternationalProducts,DresdnerBankAG,Frankfurt,Germany;RepresentativetotheICCCommissiononBankingTechniqueandPractice;LaurenceKooy-LegalAdviser,BNPParibas,Paris,France;RepresentativetotheICCCommissiononBankingTechniqueandPractice.KatjaLehr-BusinessManager,TradeServicesStandards,SWIFT,LaHulpe,Belgium,thenVicePresident,MembershipRepresentation,InternationalFinancialServicesAssociation,NewJersey,USA;RepresentativetotheICCCommissiononBankingTechniqueandPractice;OleMalmqvist-VicePresident,DanskeBank,Copenhagen,Denmark;RepresentativetotheICCCommissiononBankingTechniqueandPractice;PaulMiserez-HeadofTradeFinanceStandards,SWIFT,LaHulpe,Belgium;RepresentativetotheICCCommissiononBankingTechniqueandPractice;ReneMueller-Director,CreditSuisse,Zurich,Switzerland;RepresentativetotheICCCommissiononBankingTechniqueandPractice;CheeSengSoh-Consultant,AssociationofBanksinSingapore,Singapore;RepresentativetotheICCCommissiononBankingTechniqueandPractice;DanTaylor-PresidentandCEO,InternationalFinancialServicesAssociation.,NewJerseyUSA;ViceChairman,ICCCommissiononBankingTechniqueandPractice;AlexanderZelenov-Director,Vnesheconombank,Moscow,Russia;ViceChairman,ICCCommissiononBankingTechniqueandPractice;RonKatz-PolicyManager,ICCCommissiononBankingTechniqueandPractice,InternationalChamberofCommerce,Paris,France.TheundersignedhadthepleasureofchairingtheDraftingGroup.Itwasthroughthegenerousgivingoftheirknowledge,timeandenergythatthisrevisionwasaccomplishedsosuccessfully.AsChairoftheDraftingGroup,Iwouldliketoextendtothemandtotheirinstitutionsmygratitudefortheircontribution,forajobwelldoneandfortheirfriendship.IwouldalsoliketoextendmysincerethankstothemanagementofABNAMROBankN.V.,fortheirunderstanding,patienceandsupportduringthecourseofthisrevisionprocess.GaryCollyerCorporateDirector,ABNAMROBankN.V.,London,EnglandandTechnicalAdvisertotheICCCommissiononBankingTechniqueandPracticeNovember2006ApplicationofUCPTheUniformCustomsandPracticeforDocumentaryCredits,2007Revision,ICCPublicationno.600(“UCP”)arerulesthatapplytoanydocumentarycredit(“credit”)(including,totheextenttowhichtheymaybeapplicable,anystandbyletterofcredit)whenthetextofthecreditexpresslyindicatesthatitissubjecttotheserules.Theyarebindingonallpartiestheretounlessexpresslymodifiedorexcludedbythecredit.DefinitionsForthepurposeoftheserules:Advisingbankmeansthebankthatadvisesthecreditattherequestoftheissuingbank.Applicantmeansthepartyonwhoserequestthecreditisissued.Bankingdaymeansadayonwhichabankisregularlyopenattheplaceatwhichanactsubjecttotheserulesistobeperformed.Beneficiarymeansthepartyinwhosefavouracreditisissued.Complyingpresentationmeansapresentationthatisinaccordancewiththetermsandconditionsofthecredit,theapplicableprovisionsoftheserulesandinternationalstandardbankingpractice.Confirmationmeansadefiniteundertakingoftheconfirmingbank,inadditiontothatoftheissuingbank,tohonourornegotiateacomplyingpresentation.Confirmingbankmeansthebankthataddsitsconfirmationtoacreditupontheissuingbank’sauthorizationorrequest.Creditmeansanyarrangement,howevernamedordescribed,thatisirrevocableandtherebyconstitutesadefiniteundertakingoftheissuingbanktohonouracomplyingpresentation.Honourmeans:topayatsightifthecreditisavailablebysightpayment.toincuradeferredpaymentundertakingandpayatmaturityifthecreditisavailablebydeferredpayment.toacceptabillofexchange(“draft”)drawnbythebeneficiaryandpayatmaturityifthecreditisavailablebyacceptance.Issuingbankmeansthebankthatissuesacreditattherequestofanapplicantoronitsownbehalf.Negotiationmeansthepurchasebythenominatedbankofdrafts(drawnonabankotherthanthenominatedbank)and/ordocumentsunderacomplyingpresentation,byadvancingoragreeingtoadvancefundstothebeneficiaryonorbeforethebankingdayonwhichreimbursementisduetothenominatedbank.Nominatedbankmeansthebankwithwhichthecreditisavailableoranybankinthecaseofacreditavailablewithanybank.Presentationmeanseitherthedeliveryofdocumentsunderacredittotheissuingbankornominatedbankorthedocumentssodelivered.Presentermeansabeneficiary,bankorotherpartythatmakesapresentation.InterpretationsForthepurposeoftheserules:Whereapplicable,wordsinthesingularincludethepluralandinthepluralincludethesingular.Acreditisirrevocableevenifthereisnoindicationtothateffect.Adocumentmaybesignedbyhandwriting,facsimilesignature,perforatedsignature,stamp,symboloranyothermechanicalorelectronicmethodofauthentication.Arequirementforadocumenttobelegalized,visaed,certifiedorsimilarwillbesatisfiedbyanysignature,mark,stamporlabelonthedocumentwhichappearstosatisfythatrequirement.Branchesofabankindifferentcountriesareconsideredtobeseparatebanks.Termssuchas"firstclass","wellknown","qualified","independent","official","competent"or"local"usedtodescribetheissuerofadocumentallowanyissuerexceptthebeneficiarytoissuethatdocument.Unlessrequiredtobeusedinadocument,wordssuchas"prompt","immediately"or"assoonaspossible"willbedisregarded.Theexpression"onorabout"orsimilarwillbeinterpretedasastipulationthataneventistooccurduringaperiodoffivecalendardaysbeforeuntilfivecalendardaysafterthespecifieddate,bothstartandenddatesincluded.Thewords"to","until","till",“from”and“between”whenusedtodetermineaperiodofshipmentincludethedateordatesmentioned,andthewords“before”and"after"excludethedatementioned.Thewords“from”and"after"whenusedtodetermineamaturitydateexcludethedatementioned.Theterms"firsthalf"and"secondhalf"ofamonthshallbeconstruedrespectivelyasthe1sttothe15thandthe16thtothelastdayofthemonth,alldatesinclusive.Theterms"beginning","middle"and"end"ofamonthshallbeconstruedrespectivelyasthe1sttothe10th,the11thtothe20thandthe21sttothelastdayofthemonth,alldatesinclusive.Creditsv.ContractsAcreditbyitsnatureisaseparatetransactionfromthesaleorothercontractonwhichitmaybebased.Banksareinnowayconcernedwithorboundbysuchcontract,evenifanyreferencewhatsoevertoitisincludedinthecredit.Consequently,theundertakingofabanktohonour,tonegotiateortofulfilanyotherobligationunderthecreditisnotsubjecttoclaimsordefencesbytheapplicantresultingfromitsrelationshipswiththeissuingbankorthebeneficiary.Abeneficiarycaninnocaseavailitselfofthecontractualrelationshipsexistingbetweenbanksorbetweentheapplicantandtheissuingbank.Anissuingbankshoulddiscourageanyattemptbytheapplicanttoinclude,asanintegralpartofthecredit,copiesoftheunderlyingcontract,proformainvoiceandthelike.Documentsv.Goods,ServicesorPerformanceBanksdealwithdocumentsandnotwithgoods,servicesorperformancetowhichthedocumentsmayrelate.Availability,ExpiryDateandPlaceforPresentationAcreditmuststatethebankwithwhichitisavailableorwhetheritisavailablewithanybank.Acreditavailablewithanominatedbankisalsoavailablewiththeissuingbank.Acreditmuststatewhetheritisavailablebysightpayment,deferredpayment,acceptanceornegotiation.Acreditmustnotbeissuedavailablebyadraftdrawnontheapplicant.i.Acreditmuststateanexpirydateforpresentation.Anexpirydatestatedforhonourornegotiationwillbedeemedtobeanexpirydateforpresentation.Theplaceofthebankwithwhichthecreditisavailableistheplaceforpresentation.Theplaceforpresentationunderacreditavailablewithanybankisthatofanybank.Aplaceforpresentationotherthanthatoftheissuingbankisinadditiontotheplaceoftheissuingbank.Exceptasprovidedinsub-article29(a),apresentationbyoronbehalfofthebeneficiarymustbemadeonorbeforetheexpirydate.IssuingBankUndertakingProvidedthatthestipulateddocumentsarepresentedtothenominatedbankortotheissuingbankandthattheyconstituteacomplyingpresentation,theissuingbankmusthonourifthecreditisavailableby:sightpayment,deferredpaymentoracceptancewiththeissuingbank;sightpaymentwithanominatedbankandthatnominatedbankdoesnotpay;deferredpaymentwithanominatedbankandthatnominatedbankdoesnotincuritsdeferredpaymentundertakingor,havingincurreditsdeferredpaymentundertaking,doesnotpayatmaturity;acceptancewithanominatedbankandthatnominatedbankdoesnotacceptadraftdrawnonitor,havingacceptedadraftdrawnonit,doesnotpayatmaturity;negotiationwithanominatedbankandthatnominatedbankdoesnotnegotiate.Anissuingbankisirrevocablyboundtohonourasofthetimeitissuesthecredit.Anissuingbankundertakestoreimburseanominatedbankthathashonouredornegotiatedacomplyingpresentationandforwardedthedocumentstotheissuingbank.Reimbursementfortheamountofacomplyingpresentationunderacreditavailablebyacceptanceordeferredpaymentisdueatmaturity,whetherornotthenominatedbankprepaidorpurchasedbeforematurity.Anissuingbank'sundertakingtoreimburseanominatedbankisindependentoftheissuingbank’sundertakingtothebeneficiary.ConfirmingBankUndertakingProvidedthatthestipulateddocumentsarepresentedtotheconfirmingbankortoanyothernominatedbankandthattheyconstituteacomplyingpresentation,theconfirmingbankmust:honour,ifthecreditisavailablebysightpayment,deferredpaymentoracceptancewiththeconfirmingbank;sightpaymentwithanothernominatedbankandthatnominatedbankdoesnotpay;deferredpaymentwithanothernominatedbankandthatnominatedbankdoesnotincuritsdeferredpaymentundertakingor,havingincurreditsdeferredpaymentundertaking,doesnotpayatmaturity;acceptancewithanothernominatedbankandthatnominatedbankdoesnotacceptadraftdrawnonitor,havingacceptedadraftdrawnonit,doesnotpayatmaturity;negotiationwithanothernominatedbankandthatnominatedbankdoesnotnegotiate.negotiate,withoutrecourse,ifthecreditisavailablebynegotiationwiththeconfirmingbank.Aconfirmingbankisirrevocablyboundtohonourornegotiateasofthetimeitaddsitsconfirmationtothecredit.Aconfirmingbankundertakestoreimburseanothernominatedbankthathashonouredornegotiatedacomplyingpresentationandforwardedthedocumentstotheconfirmingbank.Reimbursementfortheamountofacomplyingpresentationunderacreditavailablebyacceptanceordeferredpaymentisdueatmaturity,whetherornotanothernominatedbankprepaidorpurchasedbeforematurity.Aconfirmingbank'sundertakingtoreimburseanothernominatedbankisindependentoftheconfirmingbank’sUndertakingtothebeneficiary.Ifabankisauthorizedorrequestedbytheissuingbanktoconfirmacreditbutisnotpreparedtodoso,itmustinformtheissuingbankwithoutdelayandmayadvisethecreditwithoutconfirmation.AdvisingofCreditsandAmendmentsAcreditandanyamendmentmaybeadvisedtoabeneficiarythroughanadvisingbank.Anadvisingbankthatisnotaconfirmingbankadvisesthecreditandanyamendmentwithoutanyundertakingtohonourornegotiate.Byadvisingthecreditoramendment,theadvisingbanksignifiesthatithassatisfieditselfastotheapparentauthenticityofthecreditoramendmentandthattheadviceaccuratelyreflectsthetermsandconditionsofthecreditoramendmentreceived.Anadvisingbankmayutilizetheservicesofanotherbank(“secondadvisingbank”)toadvisethecreditandanyamendmenttothebeneficiary.Byadvisingthecreditoramendment,thesecondadvisingbanksignifiesthatithassatisfieditselfastotheapparentauthenticityoftheadviceithasreceivedandthattheadviceaccuratelyreflectsthetermsandconditionsofthecreditoramendmentreceived.Abankutilizingtheservicesofanadvisingbankorsecondadvisingbanktoadviseacreditmustusethesamebanktoadviseanyamendmentthereto.Ifabankisrequestedtoadviseacreditoramendmentbutelectsnottodoso,itmustsoinform,withoutdelay,thebankfromwhichthecredit,amendmentoradvicehasbeenreceived.Ifabankisrequestedtoadviseacreditoramendmentbutcannotsatisfyitselfastotheapparentauthenticityofthecredit,theamendmentortheadvice,itmustsoinform,withoutdelay,thebankfromwhichtheinstructionsappeartohavebeenreceived.Iftheadvisingbankorsecondadvisingbankelectsnonethelesstoadvisethecreditoramendment,itmustinformthebeneficiaryorsecondadvisingbankthatithasnotbeenabletosatisfyitselfastotheapparentauthenticityofthecredit,theamendmentortheadvice.AmendmentsExceptasotherwiseprovidedbyarticle38,acreditcanneitherbeamendednorcancelledwithouttheagreementoftheissuingbank,theconfirmingbank,ifany,andthebeneficiary.Anissuingbankisirrevocablyboundbyanamendmentasofthetimeitissuestheamendment.Aconfirmingbankmayextenditsconfirmationtoanamendmentandwillbeirrevocablyboundasofthetimeitadvisestheamendment.Aconfirmingbankmay,however,choosetoadviseanamendmentwithoutextendingitsconfirmationand,ifso,itmustinformtheissuingbankwithoutdelayandinformthebeneficiaryinitsadvice.Thetermsandconditionsoftheoriginalcredit(oracreditincorporatingpreviouslyacceptedamendments)willremaininforceforthebeneficiaryuntilthebeneficiarycommunicatesitsacceptanceoftheamendmenttothebankthatadvisedsuchamendment.Thebeneficiaryshouldgivenotificationofacceptanceorrejectionofanamendment.Ifthebeneficiaryfailstogivesuchnotification,apresentationthatcomplieswiththecreditandtoanynotyetacceptedamendmentwillbedeemedtobenotificationofacceptancebythebeneficiaryofsuchamendment.Asofthatmomentthecreditwillbeamended.Abankthatadvisesanamendmentshouldinformthebankfromwhichitreceivedtheamendmentofanynotificationofacceptanceorrejection.Partialacceptanceofanamendmentisnotallowedandwillbedeemedtobenotificationofrejectionoftheamendment.Aprovisioninanamendmenttotheeffectthattheamendmentshallenterintoforceunlessrejectedbythebeneficiarywithinacertaintimeshallbedisregarded.TeletransmittedandPre-AdvisedCreditsandAmendmentsAnauthenticatedteletransmissionofacreditoramendmentwillbedeemedtobetheoperativecreditoramendment,andanysubsequentmailconfirmationshallbedisregarded.Ifateletransmissionstates"fulldetailstofollow"(orwordsofsimilareffect),orstatesthatthemailconfirmationistobetheoperativecreditoramendment,thentheteletransmissionwillnotbedeemedtobetheoperativecreditoramendment.Theissuingbankmustthenissuetheoperativecreditoramendmentwithoutelayintermsnotinconsistentwiththeteletransmission.Apreliminaryadviceoftheissuanceofacreditoramendment(“pre-advice”)Shallonlybesentiftheissuingbankispreparedtoissuetheoperativecreditoramendment.Anissuingbankthatsendsapre-adviceisirrevocablycommittedtoissuetheoperativecreditoramendment,withoutdelay,intermsnotinconsistentwiththepre-advice.NominationUnlessanominatedbankistheconfirmingbank,anauthorizationtohonourornegotiatedoesnotimposeanyobligationonthatnominatedbanktohonourornegotiate,exceptwhenexpresslyagreedtobythatnominatedbankandsocommunicatedtothebeneficiary.Bynominatingabanktoacceptadraftorincuradeferredpaymentundertaking,anissuingbankauthorizesthatnominatedbanktoprepayorpurchaseadraftacceptedoradeferredpaymentundertakingincurredbythatnominatedbank.Receiptorexaminationandforwardingofdocumentsbyanominatedbankthatisnotaconfirmingbankdoesnotmakethatnominatedbankliabletohonourornegotiate,nordoesitconstitutehonourornegotiation.Bank-to-BankReimbursementArrangementsIfacreditstatesthatreimbursementistobeobtainedbyanominatedbank("claimingbank")claimingonanotherparty("reimbursingbank"),thecreditmuststateifthereimbursementissubjecttotheICCrulesforbank-to-bankreimbursementsineffectonthedateofissuanceofthecredit.IfacreditdoesnotstatethatreimbursementissubjecttotheICCrulesforbankto-bankreimbursements,thefollowingapply:Anissuingbankmustprovideareimbursingbankwithareimbursementauthorizationthatconformswiththeavailabilitystatedinthecredit.Thereimbursementauthorizationshouldnotbesubjecttoanexpirydate.Aclaimingbankshallnotberequiredtosupplyareimbursingbankwithacertificateofcompliancewiththetermsandconditionsofthecredit.Anissuingbankwillberesponsibleforanylossofinterest,togetherwithanyexpensesincurred,ifreimbursementisnotprovidedonfirstdemandbyareimbursingbankinaccordancewiththetermsandconditionsofthecredit.Areimbursingbank'schargesarefortheaccountoftheissuingbank.However,ifthechargesarefortheaccountofthebeneficiary,itistheresponsibilityofanissuingbanktosoindicateinthecreditandinthereimbursementauthorization.Ifareimbursingbank'schargesarefortheaccountofthebeneficiary,theyshallbedeductedfromtheamountduetoaclaimingbankwhenreimbursementismade.Ifnoreimbursementismade,thereimbursingbank'schargesremaintheobligationoftheissuingbank.Anissuingbankisnotrelievedofanyofitsobligationstoprovidereimbursementifreimbursementisnotmadebyareimbursingbankonfirstdemand.StandardforExaminationofDocumentsa.Anominatedbankactingonitsnomination,aconfirmingbank,ifany,andtheissuingbankmustexamineapresentationtodetermine,onthebasisofthedocumentsalone,whetherornotthedocumentsappearontheirfacetoConstituteacomplyingpresentation.b.Anominatedbankactingonitsnomination,aconfirmingbank,ifany,andtheissuingbankshalleachhaveamaximumoffivebankingdaysfollowingthedayofpresentationtodetermineifapresentationiscomplying.Thisperiodisnotcurtailedorotherwiseaffectedbytheoccurrenceonorafterthedateofpresentationofanyexpirydateorlastdayforpresentation.Apresentationincludingoneormoreoriginaltransportdocumentssubjecttoarticles19,20,21,22,23,24or25mustbemadebyoronbehalfofthebeneficiarynotlaterthan21calendardaysafterthedateofshipmentasdescribedintheserules,butinanyeventnotlaterthantheexpirydateofthecredit.Datainadocument,whenreadincontextwiththecredit,thedocumentitselfandinternationalstandardbankingpractice,neednotbeidenticalto,butmustnotconflictwith,datainthatdocument,anyotherstipulateddocumentorthecredit.Indocumentsotherthanthecommercialinvoice,thedescriptionofthegood