Using the new eUCP:
an electronic supplement to the ICC rules for documentary credits (UCP 500)
24 April 2002, HSBC CCF, Paris

Programme

Practical information

Registration

Introduction

Venue
HSBC CCF
109, avenue des Champs Elysées
75008 Paris, France

Objectives
For the first time ICC has produced a “supplement” to UCP, its universally-used rules on letters of credit. Taking account of the trend to electronic credits, the new supplement, called the eUCP, applies in situations where there are part-electronic or all-electronic presentations in letter of credit transactions.

With the eUCP, the documentary credit has entered the electronic age. But questions remain:

• What is the relationship between the eUCP and the UCP?
• What happens when an electronic message is infected by a virus or otherwise “corrupted”?
• How can electronic documents be authenticated?
• How can the parties ensure that the ir electronic systems are compatible with one another?
• Are banks prepared to handle electronic presentations?

These and other questions will be taken up in this first ICC conference on the eUCP. Presented by members of the group that drafted the supplement, the conference will offer an overview of the new rules, along with panel discussions and question and answer sessions so that you, the potential users of the eUCP, can have a firmer grasp of what the new rules mean and how they will work in practice.

Participants
Discussion topics will be of particular interest to bankers, traders, corporate counsels, lawyers, business professionals and academics wishing to acquire and increase their knowledge of the eUCP.

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