# ICC Uniform Customs and Practice for Documentary Credits

*Last updated: 2026-06-24*

> The ICC Uniform Customs and Practice for Documentary Credits (UCP) is the globally authoritative rulebook for letters of credit in international trade, published by the International Chamber of Commerce.

The ICC Uniform Customs and Practice for Documentary Credits (UCP) is the globally authoritative rulebook for letters of credit in international trade, published by the International Chamber of Commerce. Unlike the URDG, which govern demand guarantees, the UCP apply exclusively to documentary payment instruments: they define which documents banks must examine, the applicable timeframes, and the respective obligations of issuing banks, confirming banks, exporters, and importers. By standardizing these rules across jurisdictions, the UCP reduce legal uncertainty and dispute risk in trade finance—particularly where buyer and seller lack an established relationship. The current version in force is UCP 600.

**Source:** [https://iccwbo.org/business-solutions/trade-finance/ucp-600/](https://iccwbo.org/business-solutions/trade-finance/ucp-600/)

## Quick Facts

| Property | Value |
|---|---|
| Term | ICC Uniform Customs and Practice for Documentary Credits |
| Language | EN |
| Word count | 99 |
| Last updated | 2026-06-24 |
| Source | https://iccwbo.org/business-solutions/trade-finance/ucp-600/ |

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