collection forwarded to Defendant No.2 was in
accordance with URC 522. In any event, banks were under no
obligation to handle either a collection ... collection instruction or
subsequent related instruction in terms of URC 522.
11. Elaborating on the objection as to the territorial jurisdiction, it is
pointed
Brochure-522. Article 1 , 10 and 11 of URC-522 which detailed as hereunder:
URC 522 - Article 1
The Uniform rules for collections, 1995 Revision ... that isnot possible, by other expeditious means, without delay.
URC 522 - Article 10
Article 10 documents Vs. Goods, Services, Performances
Goods should not be dispatched
Collection, 1995 revision I.C.C.
Publication No. 522‟ ( in short, URC 522).
2.6 It is not in dispute that NCB under the Letter ... this
regard, reference was also made to Article 14 of URC 522. The
communication went on to say that SBI, Okhla Branch‟s covering letter
which were debated with
reference to ICC Uniform Rules for Collection (URC) 522, has
held against the appellant and the result is the suit filed ... thus seeks to
make out a case with reference to URC 522. The same has
been noted and discussed by the learned Single Judge
exporter are different, then the settlement transactions are
governed by the URC 522 and UCP 600 protocols issued by
International Chamber of Commerce. The protocols ... representatives of IBA and FEDAI and relevant articles
contained under URC522/URC600 which are being followed by
all banks of world including
Commercial Paper,
International Chamber of Commerce Brochure No. 522"
(URC 522) effective from 1-1-1996/"Uniform Customs and
Practice for Documentary Credits ... agreements between banks is
superfluous, as they subscribe to the URC 522 and UCP
600, and only the rates of charges need to be periodically
opposite party that article 14 of the uniform rules for collections (URC 522) specifically provides that bank assumes no responsibility for the consequences arising ... stated that although in terms of article 14 of the URC 522, the collection instructions must indicate that the collection is subject to URC 522
exporter are different, then the settlement transactions are governed by
the URC 522 and UCP 600 protocols issued by International Chamber of
Commerce. The protocols ... such a situation, the settlement of transaction is
governed by the URC 522 and UCP 600 protocols issued by the
International Chambers of Commerce
exporter are different, then the settlement transactions are governed by
the URC 522 and UCP 600 protocols issued by International Chamber of
Commerce. The protocols ... such a situation, the settlement of transaction is governed
by the URC 522 and UCP 600 protocols issued by the International
Chambers of Commerce
exporter are different, then the settlement transactions are governed by
the URC 522 and UCP 600 protocols issued by International Chamber of
Commerce. The protocols ... such a situation, the settlement of transaction is governed
by the URC 522 and UCP 600 protocols issued by the International
Chambers of Commerce
