“UCP 500” has been widely accepted for national banks. In the opening of letters of credit in the body, to show “UCP 500”, and therefore binding on all the parties.
“UCP 500” of the letter of credit business, embodies the , integrity, and unity. Common Exchange : Following is a brief to the main should not be issued to the applicant. Bank trial run single to the receipt of the documents the next day, seven days banks. deal with the company when the Exchange and / or documents to pay the price, the price paid not only to examine documents does not a . Credit for the changes, the can be made to accept or not to accept the notice, nor can remain silent until , Laws alone, according to single book system, , changes in force. If not amended by the single book system should also serve notice to show that the refused. The signing of the transport document must indicate that the carrier (or transport operator) or his agent identity agent signed by the agent should indicate the (carrier) the identity or name. The of credit transfer , which only port-to-port shipping container in the form of trans-shipment of non-binding. The shipment period to the date on which the document issued if another shipment date of the invoices, take-off date takeover date of by the carrier allocated the later. Invoices must be opened by the , if not the letter of credit provides the necessary , invoices can not sign. LC business under various fees by the party burden. Even if the letter of credit provided by the or other person such cost burden, and if he refused to pay, payment still maintains that the ultimate . Therefore, the ultimate for the cost of issuing the applicant. For the latter type, if it provides for shall not removed; Only “”, which were .