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A Commentary, URC 522
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Out of stock
ICC Publication No.: 550
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ICC No. 550
Paperback
5 1/4 inches x 9 1/2 inches
1995 Edition
48 Pages
This publication combines the text of the updated ICC Uniform Rules for Collections (ICC Publication No. 522) with comments on each Article by the members of the ICC Working Group who drafted the Rules. Each of the Rules is followed by the relevant commentary including points of interest and issues raised.
The comments:
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reflect the views expressed by the Working Party in the course of its discussions during the revision of URC 322.
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give further guidance on practical issues which arise during the handling of Collections
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provide insight into the line of thought running through the handling of Collections
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will assist training personnel, both in the banks and in the commercial and other disciplines involved, to use more of a common sense approach in their training work to the ultimate benefit of the handling of Collections overall
Also included is a comparative index showing the evolution of the revised Rules
Table of Contents
| A.
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General Provisions and Definitions
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Article
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Application of URC 522
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1
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Definition of Collection
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2
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Parties to a Collection
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3
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| B.
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Form and Structure of Collections
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Collection Instruction
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4
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| C.
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Form of Presentation
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Presentation
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5
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Sight / Acceptance
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6
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Release of Commercial Documents
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7
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Documents Against Acceptance (D/A)
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vs. Documents Against Payment (D/P)
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Creation of Documents
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8
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| D.
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Liabilities and Responsibilities
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Good Faith and Reasonable Care
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9
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Documents vs. Goods / Services Performances
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10
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Disclaimer for Acts of an Instructed Party
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11
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Disclaimer on Documents Received
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12
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Disclaimer on Effectiveness of Documents
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13
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Disclaimer on Delays, Loss in Transit and Translation
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14
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Force Majeure
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15
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| E.
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Payment
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Payment Without Delay
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16
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Payment in Local Currency
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17
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Payment in Foreign Currency
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18
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Partial Payments
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19
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| F.
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Interest, Charges and Expenses
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20
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Charges and Expenses
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21
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| G.
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Other Provisions
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Acceptance
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22
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Promissory Notes and other Instruments
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23
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Protest
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24
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Case-of-Need
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25
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Advices
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26
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