UCP 600을 위한 주요개정내용에 관한 연구 - 2005. 11월 1차개정완결초안을 중심으로

Analysis on Critical Issues on UCP 600 -With a Special Reference to 1st Complete Draft Nov05-

&nbsp;&nbsp;This paper is aiming at analyzing critical issues for UCP 600 as shown in the First Complete Draft of the proposed Articles, November 2005, so as to make available by banks, traders, transporters and insurance companies to cope with a challenge and an opportunity launched on these new rules. In the course of identifying the issues, two papers by Roger Kreitman, "UCP 600: The end in sight?", October 2005 and by ICC-US Council for International Business, "UCP Drafting Group Makes Progress", from the July-September 2004 issue of DCInsight, have been mainly referred to.<BR>&nbsp;&nbsp;In this paper, special issues and definitions of the first complete draft are analysed, such as 1) &quot;On its face&quot;, 2) Time restriction for examination of documents, 3) discounting of deferred payment undertaking, 4) liabilities of a notifying bank, 5) acceptance or rejection of the amendment by the beneficiary, 6) data inconsistency between documents, 7) &quot;Honour&quot; and &quot;Negotiation&quot; and so on. The Complete Draft is a draft not a revision itself. Since the draft is, however, the product made as a result of 3 (three) year study by the Working Group, it is expected that UCP 600 would not be greatly deviated from this draft. It should be further studied on the article by article of UCP 600 in comparison with UCP 500 with a view to its implementation.