URC 522 – ICC Uniform Rules for Collections

Documentary collections are governed by the Uniform Rules for Collections, 1995 Revision, ICC Publication No. 522, shortly known as URC 522.


Documentary collection, which is also known as Cash Against Documents (CAD), is a payment method in international trade.

ICC Uniform Rules for Collections is the title of the book that is published by ICC to govern the documentary collections.

The ICC Uniform Rules for Collections were first published by the ICC in 1956. Revised
versions were issued in 1967 and 1978.

This present revision was adopted by the Council of the ICC in June 1995, for issue as
ICC Publication No: 522, URC 522.

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.

urc 522

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.

URC 522 makes it very clear that banks will not examine documents, particularly not to look for instructions.

URC 522 addresses problems banks experience in respect of documents against acceptance (D/A) and documents against payment (D/P)

URC 522 clearly indicates that banks have no obligation to store and insure goods when instructed.


Contents of the URC 522:

A. General Provisions and Definitions

  • Application of URC 522
  • Definition of Collection
  • Parties to a Collection

B. Form and Structure of Collections

  • Collection Instruction

C. Form of Presentation

  • 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
  • Force Majeure

E. Payment

  • Payment Without Delay
  • Payment in Local Currency
  • Payment in Foreign Currency
  • Partial Payments

F. Interest, Charges and Expenses

  • Interest
  • Charges and Expenses

G. Other Provisions

  • Acceptance
  • Promissory Notes and other Instruments
  • Protest
  • Case-of-Need
  • Advices