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eURC Version 1.0: Article e9 Determination of a Due Date

28/08/2019

For reasons of clarity and transparencyan 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.  

 

URC 522 article 6 (Sight/Acceptance) states that in the case of documents payable at a tenor other than sight, the presenting bank must, where acceptance is called for, make presentation for acceptance without delay, and where payment is called for, make presentation for payment not later than the appropriate maturity date

 

 

 

 

 

 

 

 

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