Question
What does the 'UCP 600' refer to in the context of
documentary credit?Solution
UCP 600 (Uniform Customs and Practice for Documentary Credits) is a set of rules established by the International Chamber of Commerce (ICC) that governs the use of letters of credit in international trade. These rules provide standard procedures for the issuance, negotiation, and payment of documentary credits.
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23 44 64 83 ? 118
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4, 7, 12, 21, 36, ?
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