© 2007, InterNetLC.com, LLC
146
UCP 600
Article 36: Force Majeure
A bank assumes no liability or responsibility arising out of the interruption of its business by Acts of God, riots, civil commotions, wars, etc.
Article 37: Disclaimer for Acts of an Instructed Party
A bank utilizing another bank does so for the account and at the risk of the applicant.
Article 38: Transferable Credits
A transferable credit may be made available in whole or in part to another beneficiary at the request of the first beneficiary.
Article 39: Assignment of Proceeds
The beneficiary may assign any proceeds to which it may become entitled.
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UCP 600
Article 36: All Risk Insurance Cover
Frequently a Credit requires that the insurance document cover “all risks.”  Banks will accept an insurance document that bears an “all risks” clause or notation even though the insurance document contains wording elsewhere that certain risks are excluded.

Article 37: Commercial Invoice
This is the only document where the merchandise description must correspond exactly with that indicated in the Credit.  Must appear on their face to be issued by the Beneficiary named in the Credit, and must be made out in the name of the Applicant.

Article 38: Other Documents
This article covers weight certificates on transport documents other than by sea.