Blog

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.

 

Because the eURC is not a stand-alone set of rules, it must be read in conjunction with URC 522. This article automatically integrates URC 522. 

 

This article stipulates that where there is a conflict between a provision of the eURC and URC 522, the eURC controls.

 

In a situation where no electronic records are required or presented, application of the eURC would not be justified because its changes only relate to collection instructions with an electronic component. 

 

 

 

 

www.tradefinance.training


Back to recent articles