The ICC released the text of the eURC version 1.1
The update was made to align the text with the MLETR in respect of electronic transferable records.
The changes are:
Update eURC sub-article e4 (b) (iii) to state, 'Electronic record, including an electronic transferable record, means …’
Add new definition - eURC sub-article e4 (b) (v) 'Electronic transferable record means an electronic record that contains the information that would be required in the equivalent paper document, such as a negotiable bill of lading or an assignable insurance document.’
Existing eURC sub-article e4 (b) (v) becomes e3 (b) (vi) & e4 (b) (vi)
Existing eURC sub-article e4 (b) (vi) becomes e3 (b) (vii) & e4 (b) (vii)
Existing eURC sub-article e4 (b) (vii) becomes e3 (b) (viii) & e4 (b) (viii)
Existing eURC sub-article e4 (b) (viii) becomes e3 (b) (ix) & sub-article e4 (b) (ix)
The eURC 1.1 can be downloaded here eURC version 1.1.pdf