UCP 600 Article 13: Complete Interpretation Guide — Bank-to-Bank Reimbursement Arrangements

Introduction

UCP 600 Article 13 (Bank-to-Bank Reimbursement Arrangements) is lettered 13(a), 13(b), 13(c). Banks compile a presentation against those limbs on the face of the documents. First limb: If a credit states that reimbursement is to be obtained by a nominated bank ("claiming bank") claiming on another party ("reimbursing bank"), the credit must state if the reimbursement is subject to the ICC rules for ban

Failure Mode Analysis

Failure mode 1: Skipping the first limb

Operations compile against later limbs and never test 13(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 13(a)?

If a credit states that reimbursement is to be obtained by a nominated bank ("claiming bank") claiming on another party ("reimbursing bank"), the credit must state if the reimbursement is subject to the ICC rules for bank-to-bank reimbursements in effect on the date of issuance of the credit.

Are letters beyond c part of Article 13?

No. The ICC text letters Article 13 as (a), (b), (c) 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).