UCP600 & UCP500 Compared Part I. The Modifications and Changes in General a. Given 14 definitions at first and 12 interpretations to clarify the meaning of ambiguous terms, refer to Art 2 & 3. b. Agreed that the issuing bank must reimburse the nominated bank even though the documents are lost in the transmitting however, the presentation must be complying. c. …… Part II. Detailed Comparison for Each Article Article 1 Application of UCP.................................................................................2 Article 2 Definitions................................................................................................2 Article 3 Interpretations..........................................................................................3 Article 4 Credits v. Contracts.................................................................................4 Article 5 Documents v. Goods, Services or Performance ....................................4 Article 6 Availability, Expiry Date and Place for Presentation ............................4 Article 7 Issuing Bank Undertaking.......................................................................5 Article 8 Confirming Bank Undertaking...............................................................6 Article 9 Advising of Credits and Amendments....................................................7 Article 10 Amendments..........................................................................................8 Article 11 Teletransmitted and Pre-Advised Credits and Amendments ..............8 Article 12 Nomination ............................................................................................9 Article 13 Bank-to-Bank Reimbursement Arrangements.....................................9 Article 14 Standard for Examination of Documents...........................................10 Article 15 Complying Presentation......................................................................12 Article 16 Discrepant Documents, Waiver and Notice .......................................12 Article 17 Original Documents and Copies.........................................................13 Article 18 Commercial Invoice ............................................................................14 Article 19 Transport Document Covering at Least Two Different Modes of Transport..............................................................................................15 Article 20 Bill of Lading.......................................................................................17 Article 21 Non-Negotiable Sea Waybill ..............................................................19 Article 22 Charter Party Bill of Lading ...............................................................20 Article 23 Air Transport Document .....................................................................21 Article 24 Road, Rail or Inland Waterway Transport Documents.....................23 Article 25 Courier Receipt, Post Receipt or Certificate of Posting ...................24 Article 26 "On Deck", "Shipper's Load and Count", “Said by Shipper to Contain” and Charges Additional to Freight.....................................25 Article 27 Clean Transport Document.................................................................25 Article 28 Insurance Document and Coverage....................................................25 Article 29 Extension of Expiry Date or Last Day for Presentation ...................27 Article 30 Tolerance in Credit Amount, Quantity and Unit Prices....................27 Article 31 Partial Drawings or Shipments...........................................................27 Article 32 Instalment Drawings or Shipments....................................................28 Article 33 Hours of Presentation..........................................................................28 Article 34 Disclaimer on Effectiveness of Documents.......................................28 Article 35 Disclaimer on Tra

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