eUCP

(banking) Acronym for “Electronic Supplement to the Uniform Customs and Practice for Documentary Credits.” The eUCP provides a framework of general principles for the electronic presentation of documents in documentary (letter of) credit operations. Documentary credits are not automatically subject to the rules of the eUCP. Individual credits must contain language stating that they are subject to the eUCP and the applicable version of the eUCP. The eUCP (as well as the UCP) were developed by the International Chamber of Commerce (ICC), which publishes both the rules and guidebooks for their use. See International Chamber of Commerce.

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