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Incoterms 2010 seminar series  




URR 725 - Uniform Rules for Bank-to-Bank Reimbursements

Price: $50.00
Item No.: 725
ISBN: 978-92-842-0045-0
Please note: this product is sold in a pack of 10 leaflets.

Pub No. 725
Leaflet Format
8 1/2 inches x 11 inches
2008 Edition
4 pages
ICC's Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR) have recently been revised. 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.

URR 725 contains a number of technical changes from the previous version, URR 525, and will be used by all letter of credit practitioners who elect to incorporate the revised URR into their letters of credit. This revision was approved by the Commission on Banking Technique and Practice on April 15-16, 2008 and will be effective as of October 1, 2008.

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