2008•Journal of Nantong Textile Vocational Technology CollegeRequires access

Explaining the Standards of Checking Original Documents in UCP600 Art.17th Through Analyzing the Case of Credit Industrial Et Commercial Vs China Merchants Bank on Documentary Credit Dishonor Dispute

Huang An-ping

Abstract

Due to ambiguity in UCP500 about how to decide an original documents,disputes arises between banks again and again. ICC has realized the question and has made improvements about the standards of how to decide original documents in UCP600. It is the aim of this paper to define the exact meaning of Article 17th of UCP600 through analyzing the case of Credit Industrial et Commercial v. China Merchants Bank.

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Key concepts: Ambiguity, China, Meaning (existential), Commercial bank, Bank credit, Business, Accounting, Actuarial science