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eURC Version 1.0: Preliminary Considerations

16/07/2019

The precedent for including ‘Preliminary Considerations' within ICC rules was established in ISBP, and with the preamble to DOCDEX. The preliminary considerations are listed on a separate page to the rules in order to provide a distinction between the two.

 

The mode of presentation to a bank and the mode for delivery of that presentation to the drawee are outside the scope of the rules.

 

The statement within sub-article e1 (a) is emphasised that the eURC is a supplement to the URC and provides clarification that definitions given in URC 522 will continue to be applicable. 

 

Similar preliminary considerations have been listed in the eUCP in order to create consistency between the two sets of rules.

 

 

 

 

 

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