This article outlines that a collection instruction must state the manner in which electronic records may be accessed by the drawee. The word ‘manner'throughout these rules can be defined as the way in which something is done or happens. In order for electronic records to be accessed by the drawee, the collection instruction must indicate the manner in which the electronic records should be accessed.
In the event that electronic records are presented in combination with a paper bill of exchange that is to be accepted by the drawee, the electronic records and paper documents are to be released against acceptance of the paper bill of exchange.
The concept of an electronic bill of exchange/draft is still evolving and, as such, is not specifically covered by this version of the rules. However, it is intended that sub-article e10 (a) cover a presentation including an electronic bill of exchange, and sub-article e10 (b) cover the situation in which there is a paper bill of exchange.
Note: During the drafting of the eURC rules it was debated whether or not to add a delivery term D/DP (‘electronic records to be released against deferred payment'). It was decided that such a term is already covered by URC 522 sub-article 2 (a) (iii) (‘other terms and conditions') and that no further reference within the eURC rules is required.