What Is The Uniform Rule For Documentary Collection?
I. General Provisions and definitions
Paragraph 1: uniform rules for collection. Five hundred and twenty-two The application of the number.
( One ) International Chamber of Commerce Five hundred and twenty-two Uniform rules for collection One thousand nine hundred and ninety-five The annual revision will apply to all collection items specified in the second paragraph and specified in the fourth collection instructions. Unless otherwise expressly agreed, or in conflict with a country, a government, or any ordinance that is in force with the local law, this rule is binding on all relationship parties.
( Two ) Banks are not obliged to apply for a collection or any collection instruction or subsequent relevant instructions.
( Three ) If a bank chooses not to handle the collection or any relevant collection instructions it has received for whatever reason, it must use the telecommunications without delay, or if the telecommunications may not use other quick tools, it will give notice to the parties who have received the instruction.
Second paragraph Definition of collection
For the purposes of this article:
( One ) Collection means that the bank processes the following instructions on the basis of instructions received. Two The documents stipulated in the paragraph are:
A. Obtain payment and / Or acceptance; or
B. By payment or D / A; or
C. To submit documents according to other terms and conditions.
( Two ) Documents refer to financial documents and / Or commercial documents.
A. Financial documents refer to bills of exchange, promissory notes, checks or other similar certificates that can be used to obtain payment of funds.
B. Commercial documents refer to invoices, transport documents, ownership documents or other similar documents, or any other documents that are not part of the financial documents.
( Three ) Clean collection means collection under financial documents without commercial documents.
( Four ) Documentary collection means:
A. Collection of financial documents accompanied by commercial documents;
B. Collection without commercial documents under financial documents.
Third paragraph The person in charge of collection
( One ) For the purposes of this article, the person in charge of collection is:
A. The trustor entrusts the bank to collect the relevant person.
B. The sending bank is the bank entrusted by the trustee to collect the collection.
C. The collecting bank is any bank participating in the collection business except the sending bank.
( Two ) The drawee is the person who gives the document to him according to the collection instruction.
Two. The form and structure of collection
Fourth paragraph Collection Instruction
( One ) A. All documents sent to collection must be accompanied by a collection instruction indicating that the collection will comply with the uniform rules for collection. Five hundred and twenty-two Document and list complete and clear instructions. Banks are only allowed to act in accordance with the orders and the rules in the collection instruction.
B. Banks will not examine documents for the purpose of obtaining instructions.
C. Unless otherwise authorized in the collection instruction, the bank will ignore the person concerned from the collection he has received. / Any person outside the bank / Any instructions from the bank.
( Two ) The collection instruction should include the following contents:
A. Details of the bank's receipt, including the full name, postal service and receipt, are received. SWIFT Address, telex, telephone and fax numbers and numbers;
B. The particulars of the client include the full name, postal address, or the place where the prompts are made, and, if any, telex, telephone and fax numbers;
C. The particulars of the payer include the full name, postal address, place where the prompts are made, and, if any, telex, telephone and fax numbers;
D. The details of the bank, if any, including the full name, postal address and, if any, telex and fax number;
E. The amount and currency to be collected;