Check 1
Does attaching a PDF to email automatically make a documentary credit an eUCP transaction?
Understand how ICC rules accommodate electronic records.
Trade finance increasingly uses electronic records. ICC created eUCP and eURC supplements to address electronic presentation under documentary credits and collections.
A transaction must be structured to use electronic records and the relevant supplement. Banks, platforms and legal systems must support the process.
Digital bills of lading and other electronic trade documents raise questions of control, title and legal recognition that differ by jurisdiction.
Do not assume that emailing a PDF makes a presentation an eUCP-compliant electronic record.
Does attaching a PDF to email automatically make a documentary credit an eUCP transaction?
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