- 20 Marks
CBLP – APRIL 2023 – L4 – Q4 – Documentary Credits under UCP 600 and Contractual Relations
Define documentary credit under UCP 600 and describe contractual relations between parties.
Question
a) Under the ICC Uniform Customs and Practice for Documentary Credits (UCP) 600, how is a documentary credit defined?
(10 Marks)
b) Describe the contractual relations between the parties to documentary credits.
(10 Marks)
(Total: 20 Marks)
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