Extract from DCInsight
Vol. 15, No. 1, January - March 2009: "UCP 600: One Year On"

Original version

Edited version

Despite of all efforts that have been exerted to provide well understanding for interpretation and application of the rules, we still notice that number of documents that being rejected is still high and some misinterpretations are still exist. In this article I’ll focus on some misused terminologies and other wrong conditions and actions, or redundant terms, which are still in use by some bankers and practitioners in our region despite all actions taken to avoid or minimize such issues:
 

Despite all the efforts made to provide a better interpretation and application of the rules, the number of documents being rejected is still significant, and some misinterpretations still exist. In this article I will focus on misused terminologies and incorrect actions or redundant terms still being employed by some bankers and practitioners in our region.

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