The Impact of UCP600 on the Practical Teaching of International Trade Major and the Countermeasure to Cope With It

Full Text (PDF, 76KB), PP.29-33

Views: 0 Downloads: 0

Author(s)

Li Junfeng 1 Meng Fanhua 1

1. Management Department North China Institute of Science and Technology Yanjiao (Beijing-East),China

* Corresponding author.

DOI: https://doi.org/10.5815/ijeme.2012.06.05

Received: 15 Mar. 2012 / Revised: 20 Apr. 2012 / Accepted: 24 May 2012 / Published: 29 Jun. 2012

Index Terms

International trade, Practical teaching, UCP600

Abstract

The practical teaching is an important teaching process in professional education plan of international trade major. The pactice of L/C (letter of credit) settlement transaction is important content of practical teaching. The implementation of UCP600 brings new requirements for the credit business operation. About the new rules, we must make some adjustment in practical teaching of international trade in time. The paper analyzes the new changes of UCP600 comparing to UCP500, then analyzes the existing problems of international trade practical teaching. In final, the paper puts forward the countermeasures to cope with UCP600.

Cite This Paper

Li Junfeng,Meng Fanhua,"The Impact of UCP600 on the Practical Teaching of International Trade Major and the Countermeasure to Cope With It", IJEME, vol.2, no.6, pp.29-33, 2012. DOI: 10.5815/ijeme.2012.06.05

Reference

[1]The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600.
[2]The Uniform Customs and Practice for Documentary Credits, 1993 Revision, ICC Publication No. 500.
[3]Donald R.Smith, What Happened When July 1 UCP600 Rules Took Effect? Managing Imports&Exports, 2007
[4]Janet Ulph, The UCP600:Documentary Credits in the Twenty—first Century, The Journal of Business Law, 2007(6)
[5]Ebenezer Adodo, Non-documentary Requirements in Letters of Credit Transactions:What is the Bank’s Obligation Today? The Journal of Business Law,2008(2)
[6]Deborah Horowitz, Banco Santander and the UCP 600, The Journal of Business Law, 2008(6)
[7]Wei Songfeng, Analysis of UCP600 compared with UCP500, Popular Business, 2010 (2). (In Chinese)
[8]Li Xiaoyuan, Time Limit of Document Examination Under UCP600, Journal of Northwest A&F University (SocialScience Edition), 2010(1). (In Chinese)
[9]Shen Lei, Gao Xiaoyu, On the Presentation and Examination of Documents under UCP600, Journal of Shaanxi Administration School, 2009(2). (In Chinese)
[10]Lou Yu, Effect of UCP600 on International Trade Practice, Journal of Hebei Unerversity of Economics and Trade, 2007(3). (In Chinese)