UCP 600 Article 10: Complete Interpretation Guide — Amendments and Scope

Introduction

UCP 600 Article 10 (Amendments) is lettered 10(a), 10(b), 10(c), 10(d), 10(e), 10(f). Banks compile a presentation against those limbs on the face of the documents. First limb: Except as otherwise provided by article 38, a credit can neither be amended nor cancelled without the agreement of the issuing bank, the confirming bank, if any, and the beneficiary.

Failure Mode Analysis

Failure mode 1: Skipping the first limb

Operations compile against later limbs and never test 10(a). The first limb is not optional. A presentation that violates it is a binary reject.

Applying the article

Read the limbs above as they stand in the ICC text. Do not import sub-articles from another article. Document examination remains UCP 600 Article 14: on the face of the documents, within five banking days following the day of presentation.

Conclusion

Use the article as printed. If a lettered sub-article is not in the text above, it is not part of the rule.

FAQ

What is Article 10(a)?

Except as otherwise provided by article 38, a credit can neither be amended nor cancelled without the agreement of the issuing bank, the confirming bank, if any, and the beneficiary.

Are letters beyond f part of Article 10?

No. The ICC text letters Article 10 as (a), (b), (c), (d), (e), (f) only.

Does a five-day waiver request extend examination?

No. Article 16(b) states that approaching the applicant for a waiver does not extend the period in Article 14(b).