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ICC Uniform Rules for Collections (URC 522)
ICC Uniform Rules for Collections (URC 522)

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The ICC Uniform Rules for Collections are a practical set of Rules to aid bankers, buyers, and sellers in the collections process. The Rules have been prepared to resolve problems that practitioners have experienced in their everyday operations since 1979.

URC 522 underlines the need for the principal and/or the remitting bank to attach a separate document, the collection instruction, to every collection subject to the Rules – makes it very clear that banks will not examine documents, particularly not to look for instructions – addresses problems banks experience in respect of documents against acceptance (D/A) and documents against payment (D/P) – clearly indicates that banks have no obligation to store and insure goods when instructed.
 
ISBN
9789284202706
Published by
International Chamber of Commerce
Publication Date
1995
Publisher's Ref
E522E
Format
e-book
Extent
29 pages
Language
English
Approx Weight
0.0 kg
HS Code
490199