ISBP 745 Section P: Beneficiary Certificate Compliance Architecture and Deterministic Rejection

Introduction

ISBP 745 Section P is Beneficiary's Certificate. It is read with UCP 600, not instead of it. This extract letters P1)–P3) for this document type. P1) When a credit requires the presentation of a beneficiary’s certificate, this will be satisfied by the presentation of a signed document titled as called for in the credit, or bearing a title reflecting the type of certif P2) A beneficiary’s certificate is to be signed by, or for [or on behalf of], the beneficiary. Content of a beneficiary’s certificate P3) Data mentioned on a beneficiary’s certificate are not to conflict with the requirements of the credit. P4) The data or certification mentioned on a beneficiary’s certificate: a. need not be identical to that required by

Applying these paragraphs

ISBP 745 is read with UCP 600, not instead of it. Apply the paragraphs in this section to the document type they actually name.

Conclusion

Section P compiles Beneficiary's Certificate. Do not mutate the letter onto another instrument. Draft Field 46A so the presentation can compile against both UCP 600 and these paragraphs.

FAQ

What document does ISBP 745 Section P cover?

Beneficiary's Certificate.

Does Section P replace the matching UCP 600 transport or insurance article?

No. ISBP 745 is read with UCP 600. The UCP article the credit invoked still governs.

Can a bank refuse on an ISBP paragraph the credit never invoked as a term?

ISBP describes how UCP 600 is applied. It does not add documents. Extra documents are disregarded under UCP 600 Article 14(g).