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UCP


Source: Supply Chain & Logistics Glossary Author: VV.AA. Institute: Georgia Tech - The Supply Chain and Logistics Institute	Courtesy of

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.

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Last update 10 Mar 2023

Softest decline in output for three months as supply- chain conditions improve
Source: S&P Global US Manufacturing PMI ™ - IHS Markit
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