Abbreviation for " Uniform Customs and Practice for Documentary Credits." The 1993 revision is referred to as "UCP500" as it is publication number 500 of the International Chamber of Commerce.

Abbreviation for the "Uniform Customs and Practice for Documentary Credits," published by the International Chamber of Commerce. This is the most frequently used standard for making payments in international trade; e.g., paying on a Letter of Credit. It is most frequently referred to by its shorthand title: UCP No. 500. This revised publication reflects recent changes in the transportation and banking industries, such as electronic transfer of funds.

Uniform Customs & Practices - ICC rules governing the administration of letters of credit Current revision is UCP 500. Most letters of credit state that they are to be governed by this.

Uniform Customs and Practices for Documentary Credit developed by the International Chamber of Commerce as the rules that govern the operation of Letter of Credit transactions worldwide.