gr106747786 Level 1 asked 2009-07-06

what does UCPURR stand for ??????? 0

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what does UCPURR stand for ???????

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  • is106736383 2009-07-06 Best Answer

    UCPURR is not one word. It should be separated as UCP and URR.  


    UCP = The Uniform Customs and Practice for Documentary Credits

    URR = The Uniform Rules for bank-to-bank Reimbursement Under Documentary Credits
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    • id100823479 2009-07-15

      In common business world, it so called Letter of Credit = LC
      issued by buyer's bank and collect or paid through Seller's bank
      reimbursement is another magic word "payment"

      You can read more in another articles/topics in this forum Payment & Finance
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    • my106747813 2009-07-06

      URR


      The Uniform Rules for bank-to-bank Reimbursement Under Documentary Credits
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