Urr 725 Uniform Rules For Bank To Bank Reimbursements
73b5b2f20d A reimbursement amendment must state the relative changes to the above. Packing List Discrepancies Inspection Certificate Discrepancies Multi Modal Bill of Lading Discrepancies . Article 2 - Definitions For the purpose of these rules, the following terms shall have the meaning specified in this article and may be used in the singular or plural as appropriate: Issuing bank means the bank that has issued a credit and the reimbursement authorization under that credit. .. 725. additional amounts payable and tolerance, if any; 4.
to 5:00 p.m. To expand the content of UCP 600 article 13 to cover more areas of reimbursement processes would serve no useful purpose. 2. The revision was necessary to bring these long-standing rules into conformity with UCP 600, ICC's universally used rules on letters of credit, which came into effect on July 1, 2007. Reimbursement undertaking means a separate irrevocable undertaking of the reimbursing bank, issued upon the authorization or request of the issuing bank, to the claiming bank named in the reimbursement authorization, to honour that bank's reimbursement claim, provided the terms and conditions of the reimbursement undertaking have been complied with. additional amounts payable and tolerance, if any; 4. C.
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