ICC Rules

UCP 600

The UCP 600 are the latest revision of the Uniform Customs and Practice for Documentary Credits. UCP 600 comes into effect on July 1, 2007.

The 39 articles of UCP 600 are a comprehensive and practical working aid to bankers, lawyers, importers, and exporters, transport executives, educators, and everyone involved in letter of credit transactions worldwide.

Foreword
Introduction
Acknowledgements
Rules

UCP 500

The UCP 500 are the Uniform Customs and Practice for Documentary Credits. UCP 500 came into effect on January 1, 1994.

The 49 articles of UCP 500 are a comprehensive and practical working aid to bankers, lawyers, importers, and exporters, transport executives, educators, and everyone involved in letter of credit transactions worldwide.

Read More

URC 522

The URC 522 are the Uniform Rules for Collections. URC 522 came into effect on 01 January 1996.

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.

Subhead
Footnote
Foreword
Preface
Copyright
Rules

URR 725

The URR 725 are the Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits.

URR 725 should not be seen as a revision of URR 525. It is an updating process that has followed the same manner as the eUCP, i.e. to change the style to match that of UCP 600. The changes were approved by the ICC national committees at the ICC Banking Commission in April 2008.

Changes
Rules

URDG 758

The URDG 758 are the Uniform Rules for Demand Guarantees - effective 01 July 2010.

This revision of ICC's Uniform Rules for Demand Guarantees (URDG) is the first since the rules were developed by ICC in 1991. The original rules, URDG 458, gained broad international acceptance in recent years following their incorporation by the World Bank in its guarantee forms and their endorsement by UNCITRAL and leading industry associations, such as FIDIC.

View a form of Guarantee and Counter-Guarantee under URDG 758
Foreword
Introduction
Rules

IPS 98

International Standby Practices is a new set of rules and best practice for users of standby letters of credit.

Though standby letters of credit have similarities with commercial letters of credit and other financial instrument, there are significant differences in scope and practice. A new set of Rules was therefore required for this workhorse of commerce and finance and ISP 98 fills this important gap in the market place.

Foreword
Preface
Copyright
Rules

URF 800

ICC Uniform Rules for Forfaiting details how forfaiting facilitates the provision of finance to the international trade community. It eliminates certain risks, improves Cash Flow and can considerably speed up and simplify transactions. The International Chamber of Commerce (ICC) and the International Forfaiting Association (IFA) have joined forces to provide the business community with the first ever Uniform Rules on Forfaiting (URF 800).

Foreword
Introduction
Annexes
Copyright
Rules

DOCDEX

The International Centre for Expertise administers the ICC Rules for Documentary Instruments Dispute Resolution Expertise (DOCDEX), established by the ICC Banking Commission to facilitate the rapid settlement of disputes arising under the Uniform Customs and Practice for Documentary Credits (UCP), the Uniform Rules for Bank-to-Bank Reimbursement under Documentary Credits (URR), the ICC Uniform Rules for Collections (URC), or the ICC Uniform Rules for Demand Guarantees (URDG).

Foreword
Rules

URBPO

The scope of the Uniform Rules for Bank Payment Obligations (URBPO) lies solely in the bank-to-bank space. This is the scope agreed in the memorandum of understanding signed between ICC and SWIFT in September 2011 and the terms of reference provided to the Drafting Group. URBPO are designed to operate in what is known as the 'collaborative' space as will any Transaction Matching Application (TMA) chosen by financial institutions (known in URBPO as Involved Banks) for a given transaction.

Introduction
Rules

eUCP

The eUCP is a supplement to the UCP that, when used in conjunction with the UCP, will provide the necessary rules for the presentation of the electronic equivalents of paper documents under letters of credit.

Introduction
Rules