Discuss several significant differences exist between UCP 600 and UCP 500 (pros and cons)

Order Description

Topic
An analysis of key changes in UCP 500 and UCP 600 (Country to focus Australia, UK or US)

Sub-topic that need to be included (to focus on)
– Compare the development of the UCP (What has change?why change?)
– What concerned ICC to revise UCP 500? What are the major areas of amendments brought under new rules of UCP 600 compared to UCP 500? Impact of new rules on the operation of documentary credit
– Important of UCP
– There are several significant differences exist between UCP 600 and UCP 500 (pros and cons)
– Relationship between UCP case law and contract law

Reference style
– AGLC (Australian Guide to Legal Citation (3rd edition)
– footnotes
– Please do heading and sub-heading

Please send me draft of the research paper first before proceed with writing the whole paper (want to check whether re u in a right track or not)

I will send some example of references ( to make it more clear)
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