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Copyright © International Chamber of Commerce (ICC). All rights reserved.
( Source of the document: ICC Digital Library )
In force as from 1 October 1997
1.1 These Rules concern a service called the "Documentary Credit Dispute Resolution Expertise" (DOCDEX) which is available in connection with any dispute related to
• a documentary credit incorporating the Uniform Customs and Practice for Documentary Credits (UCP), and
• the application of the UCP and/or of the Uniform Rules for Bank-to-Bank Reimbursement under Documentary Credits (URR).
Its objective is to provide an independent, impartial and prompt expert decision (DOCDEX Decision) on how the dispute should be resolved on the basis of the terms and conditions of the documentary credit and the UCP and/or URR, exclusively.
1.2 DOCDEX is made available by the International Chamber of Commerce (ICC) through its International Centre for Expertise (Centre) under the auspices of the ICC Commission on Banking Technique and Practice (Banking Commission).
1.3 When a dispute is submitted to the Centre in accordance with these Rules, the Centre shall appoint three experts from a list of experts maintained by the Banking Commission. These three experts (Appointed Experts) shall make a decision which, after consultation with the Technical Adviser of the Banking Commission, shall be rendered by the Centre as a DOCDEX Decision in accordance with these Rules. The DOCDEX Decision is not intended to conform with any legal requirements of an arbitration award.
1.4 Unless otherwise agreed, a DOCDEX Decision shall not be binding upon the parties.
1.5 In the DOCDEX procedure the communication with the Centre shall be conducted exclusively in writing, i.e. by communication received in a form that provides a complete record thereof, via teletransmission or other expeditious means.