UCP 600 Article 30: Complete Interpretation Guide

Introduction

UCP 600 Article 30 (Tolerance in Credit Amount, Quantity and Unit Prices) is lettered 30(a), 30(b), 30(c). Banks compile a presentation against those limbs on the face of the documents. First limb: The words "about" or "approximately" used in connection with the amount of the credit or the quantity or the unit price stated in the credit are to be construed as allowing a tolerance not to exceed 10% more or 10% less

Failure Mode Analysis

Failure mode 1: Skipping the first limb

Operations compile against later limbs and never test 30(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 30(a)?

The words "about" or "approximately" used in connection with the amount of the credit or the quantity or the unit price stated in the credit are to be construed as allowing a tolerance not to exceed 10% more or 10% less than the amount, the quantity or the unit price to which they refer.

Are letters beyond c part of Article 30?

No. The ICC text letters Article 30 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).