Einheitliche Richtlinien für Rembourse – ERR 725 zwischen Banken unter Dokumenten-Akkreditiven

ICC’s Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR) have recently revised in 2008. The revision, ICC Publication No. 725, 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 1 July 2007. The URR725 came into effect on 1 October 2008.

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 15-16 April 2008.

Die official text of the new and revised rules is the ICC publication no 725 (ICC Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits – URR 725).
If there are condtradicitons between the German and English version of this book, the English text takes precedence.

Details: 

Table of contents: 

• Article 1 Application of URR
• Article 2 Definitions
• Article 3 Reimbursement Authorizations Versus Credits
• Article 4 Honour of a Reimbursement Claim
• Article 5 Responsibility of the Issuing Bank
• Article 6 Issuance and Receipt of a Reimbursement Authorization or Reimbursement Amendment
• Article 7 Expiry of a Reimbursement Authorization
• Article 8 Amendment or Cancellation of a Reimbursement Authorization
• Article 9 Reimbursement Undertaking
• Article 10 Standards for a Reimbursement Claim
• Article 11 Processing a Reimbursement Claim
• Article 12 Duplication of a Reimbursement Authorization
• Article 13 Foreign Laws and Usages
• Article 14 Disclaimer on the Transmission of Messages
• Article 15 Force Majeure
• Article 16 Charges
• Article 17 Interest Claims/Loss of Value