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be fully cognizant of the effect and result of the incorporation of such a

clause.

The multimodal transport

ICC has considered the increasing popularity of multimodal transport

in the international trade, and it has changed the position and order of the

transport stipulations by moving the stipulations for multimodal transport

to first place in UCP600.

On board notation in case of place of receipt different from port of

loading

According to UCP600, if the field “port of loading” on the bills of

lading presented indicated clearly the port of loading stipulated in the

credit, even if the place of receipt indicates a place other than that port,

the on-board notation need not include the port of loading stipulated in the

credit and the name of the vessel on which the goods have been loaded.

Master’s name need not be indicated

When an agent for the master signs the bills of lading, the master’s

name need not be indicated which follows the current transport practice.

The issuing date and the actual flight date of AWB

UCP600 states that AWB must indicate the issuing date. When there

is a special notation regarding the dispatch date/flight date, such a date in

the notation will be deemed as the shipment date regardless of whether

the credit requires the AWB presented to show such dispatch date/flight

date. UCP600 states no such requirement for other transport documents,

especially for bills of lading. The latter one overrules UCP500 art 27(a)

(iii) and previous ICC opinions.

Insurance documents may be signed by the proxy of the insurer or

underwriter

It is the result of ICC Official Opinion Documents following the

insurance practice.