UCP 500 제13조의 문제점과 ISBP의 적용에 관한 연구 -일반원칙을 중심으로-

A Study on the problem of UCP 500 Article 13 and on the apply of ISBP - with a special emphasis the general principles -

The International Task Force which spent over two years collecting the information, identifying and reviewing the international practices, drafting accessible language for the publication and responding to input from ICC national committees. Ten nations were represented on the Task Force. The Uniform Customs and Practice for Documentary Credits' (UCP 500) complex language has seen around two thirds of beneficiaries' documents fail to meet the letter of credit (LC) terms and conditions when first presented to banks. Delayed payments and, sometimes, non-payment has resulted. The adoption of ISBP as an official publication of the ICC represents a true win-win-win situation for all the parties involved in the LC business. Exporters win by knowing how to prepare their documents correctly, thereby speeding payment and reducing cost. Importers win by receiving documents quickly and reducing or eliminating demurrage costs, and banks win by handling documents one time only instead of returning them to the beneficiary to correct any discrepancies. Rather than replacing the UCP 500, the ISBP clarifies it and renders it more understandable for exporters and bankers around the world. ISBP and the next revision of the UCP whenever it occurs will be in agreement and the ISBP will not require revision at that time.