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eBook - ICC Uniform Rules for Forfaiting (URF 800)

Price: $30.00
Item No.: 800 eBook
ISBN: 978-92-842-0184-6

THIS IS AN eBOOK.  AFTER COMPLETING THE ORDER PROCESS, AN EMAIL WITH DOWNLOAD INSTRUCTIONS WILL BE SENT TO YOU.  Thank you!

Also Available in book Format.  For printed copy, click Here

ICC Uniform Rules for Forfaiting (URF 800)
Including Model Agreements 
By ICC Banking Commission & International Forfaiting Association (IFA), 2012 Edition

Implementation Date: January 1, 2013

Pub No. 800 eBook
2012 Edition
74 pages

First-ever set of rules, ICC Uniform Rules for Forfaiting provides clear definitions and practical model agreements.  In the U.S., forfaiting is known as "structured trade finance", and every year more than $300 billio of world trade takes place using forfaiting.  

Developed by ICC and IFA, the use of global rules and standards will help avoid misunderstandings, reduce risk, harmonizes best practice around the globe, and facilitates future dispute settlement.  These rules went into effect on January 1, 2013.

ICC Uniform Rules for Forfaiting (URF) cover controversial subjects and clarify complex issues such as:

  • Forfaiting agreements and conditions in the primary market
  • Forfaiting confirmations and conditions in the secondary market
  • Payments and payments under reserve
  • Liabilities
  • And more

Created by experts for experts, ICC URF is a must-have for anyone involved in international trade finance transactions.

Table of Contents

FOREWORDS
INTRODUCTION

Article 1     Application of URF
Article 2     Definitions
Article 3     Interpretations
Article 4     Without recourse
Article 5     Forfaiting agreements in the primary market
Article 6     Conditions in the primary market
Article 7     Satisfactory documents in the primary market
Article 8     Forfaiting confirmations in the secondary market
Article 9     Conditions in the secondary market
Article 10    Satisfactory documents in the secondary market
Article 11    Payment
Article 12    Payment under reserve
Article 13    Liabilities of the parties
Article 14    Notices

ANNEXES

Annex 1     Master Forfaiting Agreement
Annex 2     Forfaiting Agreement
Annex 3     Forfaiting Agreement in SWIFT format
Annex 4     Forfaiting Confirmation

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