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ICC Uniform Rules for Collections


ICC Publication No. 522 , 1995 Edition


Available Formats:

Details English
Paper
522L 
30,00 €
Details French
eBook
@522F 
25,00 €
Details English
eBook
@522E 
25,00 €





About this title:

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.



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