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eUCP Version 2.0: Article e4 Electronic Records and Paper Documents

03/06/2019

This article was not included in previous versions of the eUCP. 

 

The structure of this article is aligned in order to follow the construction of UCP 600 article 5 which reads ‘Banks deal with documents and not with goods, services or performance to which the documents may relate.' 

UCP 600 article 5 does not address electronic records. The addition of "electronic records" in the eUCP is a key difference. Whilst it is acknowledged that the definition of "documents" includes "electronic records", it is considered that this article provides clarity and transparency.

 

 

 

 

 

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