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July 2019

eURC Version 1.0: Article e3 Relationship of the eURC to the URC
24/07/2019
Article e3 focuses on the issues that arise from the relationship between the two sets of rules, including the applicability of URC 522, which provision controls in the event of a conflict, and whether the eURC should apply where there is no electronic record required or presented...
eURC Version 1.0: Article e2 Scope of the eURC
23/07/2019
As its name, and eURC sub-article e2 (a) suggest, the eURC is intended to supplement URC 522...
eURC Version 1.0: Article e1 Application of the eURC
19/07/2019
The eURC are rules that apply to an arrangement between the remitting bank and the collecting and/or presenting bank, for the presentation of electronic records alone or in combination with paper documents...
eURC Version 1.0: Preliminary Considerations
16/07/2019
The precedent for including ‘Preliminary Considerations' within ICC rules was established in ISBP, and with the preamble to DOCDEX...
eUCP Version 2.0: Authentication
11/07/2019
In the paper world, and with regard to documentary credits, authentication is conveyed by the examination of documents on their face...
eUCP Version 2.0: Article e14 Force Majeure
08/07/2019
Whilst this article did not appear in eUCP Versions 1...
eUCP Version 2.0: Article e13 Additional Disclaimer of Liability for Presentation of Electronic Records under eUCP
02/07/2019
The impact of this article is collective with those of UCP 600 Articles 34 (Disclaimer on Effectiveness of Documents), 35 (Disclaimer on Transmission and Translation), and 37 (Disclaimer for Acts of an Instructed Party), and stresses (in relation to electronic presentations under the eUCP) the absolute applicability of the principle of independence reflected in numerous UCP 600 articles...