UCP600 Article 35: Lost Documents

Overview

UCP600 Article 35 ¶ 1 disclaims bank liability for documents lost in transit or transmission. Paragraphs 1 and 2 use slightly different phrases ("loss in transit" vs. "lost in transit") but are interpreted synonymously. The loss refers to the permanent loss of messages, letters, or documents, whether presented under credit or not. The distinction between "transit" and "transmission" dates back to UCP82, with "transit" covering both electronic and paper communications. The provisions apply to transferable credits, covering the loss of documents during forwarding.

Key Components 

• Clear explanation of UCP600 Article 35 and its impact on document handling
• Understand the difference between "loss in transit" and "lost in transit"
• Applicable to both electronic and paper communications
• Guidance for handling transferable credits and forward documents