Comments on Transport and Insurance Articles of UCP 600

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14 June 2006

To: Members of the Consulting Group
UCP 500 Revision
ICC Banking Commission
Paris

Dear Fellow Members,
For all transport and insurance Articles in UCP 600, the word "goods" should be replaced with the word "cargo" for the following reasons.
The word "goods" is used in the CISG (United Nations Convention for International Sales of Goods) that governs a commercial invoice.
Transport documents are subject to Hague, Hague/Visby or Hamburg Rules or Carriage of Goods by Sea Act, where the word "cargo" is used.
Insurance documents are subject to insurance Acts that use the word "cargo".
The UCP 600 Articles must be consistent with the underlying Contentions and Acts that govern these documents to avoid disputes.
Best regards,
T. O.

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