The International Chamber of Commerce has issued the following for rules on letters of credit:

Question

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The Uniform Customs and Practices for Documentary Credits (UCP 600) is a set of rules established by the International Chamber of Commerce (ICC) that governs the use of letters of credit in international trade. It provides a framework for banks to handle letters of credit so that buyers and sellers can feel secure in their transactions. The other options listed are not relevant to letters of credit or the ICC's rules related to them.

The International Chamber of Commerce Has Issued the Following for Rules