Uniform Customs and Practice for Documentary Credits (UCP 600)

An agreement for the sale of manufactured goods between a seller and a buyer. It contains added specifications and explanations on issues such as lack of conformity and limitation of the sellers’ liability.

This contract models is intended for the long-term supply of manufactured goods between a supplier and a customer.  It should be used when there will be repeat transactions over a long period of time.

• Items addressed include provisions for the procedure for ordering and delivering goods, establishing prices and payments, liabilities and the duration of the contract.
• This model contract is not for commodities or where goods are supplied for resale by a distributor.  In these cases, see the model contract models for the International Distribution of Goods [LINK].
• Model contract models are general frameworks only. They must be tailored to the specific circumstances of the users.