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Commentary on UCP 600, which reflects the Group’s personal views*, explains the rationale behind the changes in the rules and clarifies the general principles that underlie them. The Drafting Group’s Commentary on UCP 600 examines each of the 39 articles of the new UCP. Each article and sub-article is analyzed under four different topics:
The text of the article (or sub-article),
The key changes from UCP 500,
A commentary explaining the rationale for the new language, and
The cross-references to other articles in UCP 600.
Practical, compact and easy-to read, Commentary on UCP 600 will be a reference book of choice for students and users of the new UCP.
*Note that Commentary on UCP 600 reflects the personal views of the UCP Drafting Group. It does not necessarily reflect the views of the full ICC Banking Commission.