➡ Interpretations Used in UCPDC - 600 : ✅ A credit is irrevocable : Even if there is no indic

➡ Interpretations Used in UCPDC - 600 : ✅ A credit is irrevocable : Even if there is no indication to that effect. ✅ On or about : An event is to occur during a period of 5 calendar days before until 5 calendar days after the specified date, both start and end dates included. To, until, ✅ from and between : To determine a period of shipment include the date mentioned and the words “ before and after ” exclude the date mentioned. ✅ From and after : To determine maturity date exclude the date mentioned. First half and second half : Related to Ist to 15 th and 16 th to the last day of the month, all dates inclusive. ✅ Beginning, middle and end : Relates to 1 st to 10 th , 11 th to 20 th and 21 st to last day of month, both date inclusive. ✅ Date of issuance of transport document : If the transport document indicates, date of despatch taking in charge, shipped on board, this date will be deemed to the date of shipment. ✅ Trans shipment : Unloading from one means of conveyance and reloading to another means of conveyance during the carriage. ✅ Clean transport document : Bearing no clause of notation expressly declaring a defective condition of goods or packaging. Interpretations ✅ Insurance : If there is no indication, amount of insurance coverage must be atleast 110% of CIF/CIP value of goods ✅ Commercial invoice : Description of goods must correspond with the credit. In other documents, the goods may be described in general terms. ✅ Time for scrutiny of documents : The issuing bank, the confirming bank, if any, or a nominated bank shall each have 5 banking days following the day of receipt of the documents, to examine the documents and determine whether to take up or refuse the documents and to inform the party from which it received the documents accordingly.