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ICC Guide to the eUCP， ( ICC Publication 639)
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Termed eUCP, the supplement is expected to revolutionize the way documentary credits are used by permitting electronic or part-electronic presentations of documents. The ICC Guide to the eUCP answers yours questions with precision and clarity.
The electronic supplement to UCP 500, ICC"s universally used rules on letters of credit, came into force in April 2002. Termed eUCP, the supplement is expected to revolutionize the way documentary credits are used by permitting electronic or part-electronic presentations of documents.
As general rules of practice, the eUCP provide a framework of principles for dealing with the growing number of electronic documents - shipping records, customs clearance and banking documents - now being presented in letter of credit transactions.
But principles require explanation. Practitioners still have many questions about eUCP, and it is essential that authoritative comment and explanation be readily available. The ICC Guide to the eUCP answers these questions with precision and clarity.
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