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Does using MT700 automatically make UCP 600 apply?
UCP 600
The core ICC rules commonly incorporated into documentary credits.
What it is
UCP 600 is the ICC Uniform Customs and Practice for Documentary Credits. It provides a widely used rule framework for documentary credits when the credit incorporates it.
Reviewed: September 2026Standards and bank policy can change.How MyGreed classifies proceduresOfficial-source directory
What it covers
It addresses matters such as definitions, bank undertakings, examination, honour, presentation, transport and insurance documents, transfer and other documentary-credit issues.
What it does not do
UCP 600 does not replace the commercial contract, applicable law, bank credit approval or compliance requirements.
Use the current official text
MyGreed explains concepts in plain English and does not reproduce the full rulebook. Professionals should consult the official ICC publication and current banking practice.
Source / standards noteThis page is an original educational summary. For a live transaction, consult the current official ICC publication and the terms of the instrument.
Remember thisUCP 600 is a documentary-credit rulebook, not a SWIFT message specification.
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