The ICC has released the text of the eURC version 1.1
The update was made to align the text with the MLETR in respect of electronic transferable records.
The changes are:
Update eURC sub-article e4 (b) (iii) to state, 'Electronic record, including an electronic transferable record, means …’
Add new definition - eURC sub-article e4 (b) (v) 'Electronic transferable record means an electronic record that contains the information that would be required in the equivalent paper document, such as a negotiable bill of lading or an assignable insurance document.’
Existing eURC sub-article e4 (b) (v) becomes e3 (b) (vi) & e4 (b) (vi)
Existing eURC sub-article e4 (b) (vi) becomes e3 (b) (vii) & e4 (b) (vii)
Existing eURC sub-article e4 (b) (vii) becomes e3 (b) (viii) & e4 (b) (viii)
Existing eURC sub-article e4 (b) (viii) becomes e3 (b) (ix) & sub-article e4 (b) (ix)
The text can be downloaded here eURC version 1.1.pdf
The ICC also released the text of the eUCP version 2.1
The update was made to align the text with the MLETR in respect of electronic transferable records.
The changes are:
Update eUCP sub-article e3 (b) (iii) to state, 'Electronic record, including an electronic transferable record, means …’
Add new definition as eUCP sub-article e3 (b) (v) 'Electronic transferable record means an electronic record that contains the information that would be required in the equivalent paper document, such as a negotiable bill of lading or an assignable insurance document.’
Existing eUCP sub-article e3 (b) (v) becomes e3 (b) (vi) & e4 (b) (vi)
Existing eUCP sub-article e3 (b) (vi) becomes e3 (b) (vii) & e4 (b) (vii)
Existing eUCP sub-article e3 (b) (vii) becomes e3 (b) (viii) & e4 (b) (viii)
Existing eUCP sub-article e3 (b) (viii) becomes e3 (b) (ix) & sub-article e4 (b) (ix)
The text can be downloaded here eUCP version 2.1.pdf