Trade Regulations

The UCP 600 or Uniform Customs and Practice for Documentary Credits is a complicated topic for many. Most of the resources available on the web don’t do justice to the topic as these are not easily understandable to the mass. We thought to break the silence and talk about it in common terms.

Documentary Credit Dispute Resolution by Expertise (DOCDEX) came into existence from 1997 by ICC banking commission. ICC commission of arbitration also has a major role to play in this. The codes revise back in 2002 and now ICC International Centre for ADR administers DOCDEX