ICC Uniform Rules for Collections URC 522 is the title of the book that is published by ICC to govern the documentary collection ( cash against document, CAD) payments. URC 522 consists of 32 pages in total. Full details of URC 522 for ordering considerations is as follows : ICC Uniform Rules for Collections URC 522 ICC Publication No. 522, 1995 Edition. URC 522 is in force as of January 1, 1996.
What is the content of the UCR 522?
A. General Provisions and Definitions
Application of URC 522
Definition of Collection
Parties to a Collection
B. Form and Structure of Collections
C. Form of Presentation
Sight / Acceptance
Release of Commercial Documents
Documents Against Acceptance (D/A)
vs. Documents Against Payment (D/P)
Creation of Documents
D. Liabilities and Responsibilities
Good Faith and Reasonable Care
Documents vs. Goods / Services Performances
Disclaimer for Acts of an Instructed Party
Disclaimer on Documents Received
Disclaimer on Effectiveness of Documents
Disclaimer on Delays, Loss in Transit and Translation
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