02/10/2019
UCP 600 article 4 makes it clear that a credit is a separate transaction from the sale or any underlying contract on which it may be based...
26/09/2019
On occasion, we have seen issues raised surrounding the acceptance and/or rejection of amendments under UCP 600, and the content of UCP 600 sub-article 10 (c)...
04/09/2019
The term ‘force majeure' is French in origin, literally meaning ‘greater force'...
03/09/2019
URC 522 contains several disclaimers that are relevant to an eURC collection instruction...
03/09/2019
This article outlines an optional method by which a bank may recover data that has been corrupted after having been received...
30/08/2019
This article outlines that a collection instruction must state the manner in which electronic records may be accessed by the drawee...
28/08/2019
For reasons of clarity and transparency, an eURC collection instruction due a number of days after the date of shipment or dispatch of the goods, or a number of days after any other date appearing in an electronic record, must indicate the appropriate due date within the collection instruction...
19/08/2019
URC 522 sub-article 26 (a) covers "Form of Advice; sub-article 26 (b) covers "Method of Advice; sub-article 26 (c) (i) covers "Advice of Payment; sub-article 26 (c) (ii) covers "Advice of Acceptance"; and sub-article 26 (c) (iii) covers "Advice of Non-Payment and/or Non-Acceptance"...
15/08/2019
The concept of a ‘notice of completeness' as required by eUCP, is not considered to be appropriate for eURC...
12/08/2019
eURC sub-article e4 (b) (v) (Definitions) defines "format" as "the data organisation in which the electronic record is expressed or to which it refers"...