INTEL
Status: blockedCLUSTERbushehr shipping company limited added — likelyStatus: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERArrakis Development added — likelyStatus: blockedCLUSTERExxon Global Distributor added — likelyStatus: pendingCORPUS427 entities · 63 countries
All terms

UCP 600

The ICC rules governing documentary letters of credit; the standard a presentation is examined against.

UCP 600 (Uniform Customs and Practice for Documentary Credits, 2007 revision) is the ICC rulebook banks use to examine documents presented under a letter of credit. It defines a complying presentation, the document-examination standard (Article 14), on-board notation (Article 20), and more. OilFlow's free LC discrepancy checker screens a presentation against the UCP 600 rules. Not a substitute for a documentary examiner.

Related: LC, MT700.

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.