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Uniform Rules for Collections No. 522 1995 Revision in force as of January 1, 1996 Leaflet Version, ICC No.522LF 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 o...
ICC Publication No. 522, 1995 Revision in force as of 1 January 1996. A. General Provisions and Definitions. Article 1 Application of URC 522. Article 2 Definition of collection. Article 3 Parties to a collection. B. Form and Structure of Collections. Article 4 Collection Instruction. C. Form of Presentation.
The eURC supplements the Uniform Rules for Collections (1995 Revision, ICC Publication No. 522) (“URC”) in order to accommodate presentation of electronic records alone or in combination with paper documents.
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.
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 eURC supplements the Uniform Rules for Collections (1995 Revision, ICC Publication No. 522) (“URC”) in order to accommodate presentation of electronic records alone or in combination with paper documents.
This document provides a summary of the Uniform Rules for Collections (URC 522). It outlines 22 articles that define key terms and processes related to international collections, including defining the parties involved, requirements for collection instructions, procedures for presentation and payment, disclaimers, and other terms.
