The UPC 600 is
A) used only in open accounts.
B) normally not used when a letter of credit is issued through the SWIFT network.
C) the Universal Customs and Practice for Documentary Credit, 2007 revision, Publication 600 of the International Chamber of Commerce.
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

The UPC 600 deals with letters of credit,and open accounts do not use letters of credit.The UPC 600 is normally used when a letter of credit is issued through the SWIFT network.UPC 600 stands for the Universal Customs and Practice for Documentary Credit,2007 revision,Publication 600 of the International Chamber of Commerce.

The UPC 600 Is