Uniform Rules for Documentary Collections URC 522 ICC published by the
International Chamber of Chamber of Commerce and used worldwide is a form of
trade finance in which an exporter is paid for its goods by an importer after
the two parties' banks exchange the required documents.
Documentary collection is a form of trade finance in which an exporter is paid for its goods by an importer after the two parties' banks exchange the required documents. The exporter's bank collects funds from the importer's bank in exchange for documents releasing title to the shipped merchandise, usually after the goods arrive at the importer's location.
Gain a clear understanding of how the ICC Uniform Rules for Collections (URC), a set of Rules created to resolve the daily operational problems of all counterparties in a collection process of debt, owned money or assets, operates.
Our online course is held as a virtual training session but can be delivered in-house or offered at a designated location combined with a following project implementation support.
Available Tickets 30