I need a drawing This revision of the Uniform Rules and Practices for Documentar

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This revision of the Uniform Rules and Practices for Documentary Credits (better known by its acronym in English
,
UCP1
) is the sixth since they were first enacted in 1933
.
It is the result of over three years of work by the International Chamber of Commerce's Banking Techniques and Practices Commission (CCI)
.
The ICC
,
founded in 1919
,
its primary objective was to facilitate the flow of international trade at a time when nationalism and protectionism posed serious threats to world trade
.
That was the spirit with which the UCP were first presented: mitigate the confusion created by certain countries that promoted their own national rules on documentary credit practices
.
The objective then achieved was the creation of a set of contractual rules that introduced uniformity into these practices
,
so that users would not have to deal with an excess of national regulations
,
often contradictory
.
The universal acceptance of the UCP by users in countries with widely divergent economic and legal systems is a testament to the success of the rules
.
It is important to remember that the UCP represent the work of an international private organization and not a government agency
.
Since its inception
,
the ICC has insisted on the importance of self-regulation in commercial practice
.
These rules
,
developed entirely by private sector experts
,
have confirmed this principle
.
The UCP remain the most widely accepted private rules for trade ever developed:
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