Uniform Customs and Practice for Documentary Credits
E302886
ICC rulebook
earlier version of Uniform Customs and Practice for Documentary Credits
set of rules
trade finance standard
version of Uniform Customs and Practice for Documentary Credits
The Uniform Customs and Practice for Documentary Credits is a globally recognized set of rules governing letters of credit in international trade finance, published and maintained by the International Chamber of Commerce.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Uniform Customs and Practice for Documentary Credits canonical | 3 |
| UCP 500 | 2 |
| UCP 400 | 1 |
| UCP 600 | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T2848261 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Uniform Customs and Practice for Documentary Credits Context triple: [International Chamber of Commerce, setsStandard, Uniform Customs and Practice for Documentary Credits]
-
A.
United Nations Commission on International Trade Law
The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the UN system responsible for harmonizing and modernizing international trade law through conventions, model laws, and other legal instruments.
-
B.
New York Convention
The New York Convention was the 1788 state ratifying convention where delegates debated and ultimately approved the United States Constitution on behalf of New York.
-
C.
UNCITRAL Arbitration Rules
The UNCITRAL Arbitration Rules are a widely adopted set of procedural rules for conducting international commercial and investment arbitration, designed to provide a neutral, flexible, and comprehensive framework for resolving cross-border disputes.
-
D.
International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Convention)
The International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Convention) is a key international treaty that sets standardized principles and practices to streamline and modernize customs procedures worldwide.
-
E.
ICSID Convention
The ICSID Convention is an international treaty that establishes the framework and rules for arbitration and conciliation of investment disputes between states and foreign investors under the auspices of the International Centre for Settlement of Investment Disputes.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Uniform Customs and Practice for Documentary Credits Target entity description: The Uniform Customs and Practice for Documentary Credits is a globally recognized set of rules governing letters of credit in international trade finance, published and maintained by the International Chamber of Commerce.
-
A.
United Nations Commission on International Trade Law
The United Nations Commission on International Trade Law (UNCITRAL) is the core legal body of the UN system responsible for harmonizing and modernizing international trade law through conventions, model laws, and other legal instruments.
-
B.
New York Convention
The New York Convention was the 1788 state ratifying convention where delegates debated and ultimately approved the United States Constitution on behalf of New York.
-
C.
UNCITRAL Arbitration Rules
The UNCITRAL Arbitration Rules are a widely adopted set of procedural rules for conducting international commercial and investment arbitration, designed to provide a neutral, flexible, and comprehensive framework for resolving cross-border disputes.
-
D.
International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Convention)
The International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Convention) is a key international treaty that sets standardized principles and practices to streamline and modernize customs procedures worldwide.
-
E.
ICSID Convention
The ICSID Convention is an international treaty that establishes the framework and rules for arbitration and conciliation of investment disputes between states and foreign investors under the auspices of the International Centre for Settlement of Investment Disputes.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
ICC rulebook
ⓘ
earlier version of Uniform Customs and Practice for Documentary Credits ⓘ set of rules ⓘ trade finance standard ⓘ version of Uniform Customs and Practice for Documentary Credits ⓘ |
| appliesTo | international trade finance ⓘ |
| bindingWhen | incorporated into the credit ⓘ |
| characteristic |
applies when expressly incorporated into the credit text
ⓘ
non-statutory but widely accepted ⓘ |
| contains |
articles defining obligations of applicants
ⓘ
articles defining obligations of beneficiaries ⓘ articles defining obligations of confirming banks ⓘ articles defining obligations of issuing banks ⓘ |
| defines |
rules on discrepancies in documents
ⓘ
rules on expiry and place of presentation ⓘ rules on presentation of documents ⓘ standards for examination of documents ⓘ |
| developedBy |
ICC Commission on Banking
ⓘ
surface form:
ICC Banking Commission
|
| effectiveFrom | 1 July 2007 ⓘ |
| governs |
documentary credits
ⓘ
letters of credit ⓘ |
| jurisdiction | international ⓘ |
| language | English ⓘ |
| latestVersionName |
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
surface form:
UCP 600
|
| legalNature | contractual rules ⓘ |
| maintainedBy | International Chamber of Commerce ⓘ |
| objective | harmonize global banking practice for letters of credit ⓘ |
| previousVersion |
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
surface form:
UCP 400
Uniform Customs and Practice for Documentary Credits self-linksurface differs ⓘ
surface form:
UCP 500
|
| publishedBy | International Chamber of Commerce ⓘ |
| purpose |
reduce legal uncertainty in letter of credit transactions
ⓘ
standardize practices for documentary credits ⓘ |
| relatedTo |
Incoterms rules
ⓘ
surface form:
Incoterms
International Standard Banking Practice ⓘ Uniform Rules for Collections ⓘ |
| replaced |
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
surface form:
UCP 500
|
| scope |
commercial documentary credits
ⓘ
standby letters of credit when expressly incorporated ⓘ |
| sector |
banking
ⓘ
international trade law ⓘ |
| shortName | UCP ⓘ |
| translatedInto | multiple languages ⓘ |
| usedBy |
applicants for letters of credit
ⓘ
beneficiaries of letters of credit ⓘ commercial banks ⓘ confirming banks ⓘ issuing banks ⓘ |
| usedIn | cross-border trade transactions ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Uniform Customs and Practice for Documentary Credits Description of subject: The Uniform Customs and Practice for Documentary Credits is a globally recognized set of rules governing letters of credit in international trade finance, published and maintained by the International Chamber of Commerce.
Referenced by (7)
Full triples — surface form annotated when it differs from this entity's canonical label.
International Chamber of Commerce
→
setsStandard
→
Uniform Customs and Practice for Documentary Credits
ⓘ
subject surface form:
International Chamber of Commerce
Uniform Customs and Practice for Documentary Credits
→
latestVersionName
→
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
this entity surface form:
UCP 600
Uniform Customs and Practice for Documentary Credits
→
replaced
→
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
subject surface form:
UCP 600
this entity surface form:
UCP 500
Uniform Customs and Practice for Documentary Credits
→
previousVersion
→
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
this entity surface form:
UCP 500
Uniform Customs and Practice for Documentary Credits
→
previousVersion
→
Uniform Customs and Practice for Documentary Credits
self-linksurface differs
ⓘ
this entity surface form:
UCP 400
Uniform Rules for Demand Guarantees
→
relatedTo
→
Uniform Customs and Practice for Documentary Credits
ⓘ