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Letters of Credit | ||||
eUCP VERSION 2.1 - ICC Uniform Customs and Practice for Documentary Credits More information | Pub. No. eUCP VERSION 2.1 | Language EN | Download | |||
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eURC 522: ICC Uniform Rules for Collections – Supplement for Electronic Presentation (eURC) Version 1.1 More information | Pub. No. eURC 522 | Language EN | Download | |||
The eURC Version 1.1 came into force on 1 July 2019. Existing ICC rules, such as URC 522, while being invaluable in a paper world, provide limited protection when applied to electronic transactions. It is inevitable that traditional trade instruments will, over time, inexorably move towards a mixed ecosystem of paper and digital, and, ultimately, to electronic records alone. The content of the eURC will be continually monitored in order to ensure applicability. The support of trade practitioners will be an essential element moving forward. These rules provide many benefits in advancing documentary collections in a digital environment and ensuring the continued relevance of these valuable instruments in mitigating trade risk. The eURC supplements the Uniform Rules for Collections (1995 Revision, ICC Publication No. 522) (“URC”) in order to accommodate presentation of electronic records alone or in combination with paper documents. | ||||
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