Question
Which of the Uniform Customs & Practice for Documentary
Credits (UCP) rules issued by ICC, are currently in effect?Solution
The Uniform Customs & Practice for Documentary Credits (UCP 600) is a set of rules agreed by the International Chamber of Commerce (ICC), which apply to finance institutions which issue Letters of Credit. UCP 600 (which replaced the UCP 500) was approved by the ICC Banking Commission on 25 October 2006 and came into effect on 1 July 2007. The first UCP was created in 1933 and has been revised by the ICC up to the point of the UCP 600.
P works thrice as fast as Q, whereas P and Q together can work four times as fast as R. If P&Q and R together work on a job, in what ratio should they s...
25 men can complete a piece of work in 30 days. ‘x’ men started the work and after 24 days 60 more men joined them so that whole work was finished i...
Avinash is twice as good as Bhuvanesh and together they can finish a job in 50 days. Bhuvanesh will finish the work alone in how many days?
‘A’ alone can complete a work in 20 hours. ‘A’ started the work alone and left after working on it for 15 hours. If ‘B’ completed the rest o...
- C is 37.5% more efficient than A, and A is 60% more efficient than B. If A, B, and C together can complete a task in 40 days, how long will it take A alone...
12 man can make a wall in 5 days. How many men required to complete the same work in 6 days ?
A work can be completed by ‘A’ and ‘B’, alone in 12 days and 18 days, respectively. Find the number of days taken by ‘C’ to complete the sam...
A alone can finish the work in 10days and B alone can finish the same work in 15 days. All A, B and C together take 5 days to finish the work. Find the ...
Anuj can complete a certain piece of work in 25 days by taking rest for 9 hours daily. If he rests twice as much as before and also works twice as fast...
‘D’ can type a document in 45 days, but ‘D’ and ‘E’ together can do it in 27 days. If ‘E’ worked for 15 days alone and then left, in how...
Relevant for Exams:
