UCP 600 Article 15: Complete Interpretation Guide
Introduction
UCP 600 Article 15 (Complying Presentation) is lettered 15(a), 15(b), 15(c). Banks compile a presentation against those limbs on the face of the documents. First limb: When an issuing bank determines that a presentation is complying, it must honour.
Failure Mode Analysis
Failure mode 1: Skipping the first limb
Operations compile against later limbs and never test 15(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 15(a)?
When an issuing bank determines that a presentation is complying, it must honour.
Are letters beyond c part of Article 15?
No. The ICC text letters Article 15 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).
Article 16(b) states that approaching the applicant for a waiver does not extend the period in Article 14(b).
| Regulation | Article / Section | Requirement | Consequence |
|---|---|---|---|
| UCP 600 | Article 15 | Complying Presentation | Binary determination (compliant/discrepant) |
| UCP 600 | Article 14 | Standard for Examination of Documents | Binary determination (compliant/discrepant) |
| UCP 600 | Article 16 | Discrepant Documents, Waiver and Notice | Binary determination (compliant/discrepant) |
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Quick Reference Summary
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