Written by Professor James Byrne and published by the Institute of Banking Law and Practice, the Comparison of UCP 500 and UCP 600 contains an Article-by-Article format based on UCP600 with the text of the UCP600 article corresponding to the relevant provisions in UCP500 or other sources.
The comparison also contains a summary of the provision, an explanation of its context in letter of credit practice, an extensive list of changes from its predecessor, and comments highlighting the major changes for each chapter (based on an Article and sub-chapters for each of the 14 Definitions and 12 Interpretations in Articles 2 and 3).
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