Digitalisation of Settlements and the ICC Uniform Rules

Aleksei Yurievich Churilov
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Aleksei Yurievich Churilov: Tomsk State University of Control Systems and Radioelectronics, Tomsk, Russia

Russian Foreign Economic Journal, 2022, issue 3, 59-65

Abstract: The paper examines the uniform rules of the International Chamber of Commerce aimed at regulating settlements between the parties using electronic records. The author considers the ICC Uniform Customs and Practice for documentary Credits for electronic presentation (eUCP) and the ICC Uniform Rules for Collections Supplement for Electronic Presentation (eURC), as well as the Uniform Rules for Digital Trade Transactions (URDTT). Based on the analysis of the main provisions, it is concluded that the eUCP, eURC, and URDTT rules are forward-looking and have the potential to be widely used by participants in international trade.

Keywords: Settlements; letter of credit; collection; electronic document management; obligation; payment; contract; trade customs; document. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2022_03_59-65

DOI: 10.24412/2072-8042-2022-3-59-65

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