On the Presentation and Examination of Documents under UCP600

Letter of credit is one of the most widely used modes of payment in international trade.Comply with the increasing of in-ternational trade volume of China,thorough comprehension of UCP600 become an important problem to the traders and banks.According to the relevant clauses of Ucp600,the presentation of documents had changed in the place and time of presentation,in the detailed re-quest for documents and the responsibility of losing documents in transit between bank to bank.The examination of documents had also changed in the time and standard as well as the ways deal with the documents after dishonor.Generally speaking,UCP600 will benefit the exporter a lot in settlement of exchange and make their presentation more flexible.UCP600 helps the importer to promote their work-ing-efficiency and makes the standard of examination of the documents more clearly and definitely,which is to comply with the practice of the bank and promote the usage of L/C in the international trade.