Name: Uniform rules for bank payment obligations pdf
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Guide to importing and exporting Guide to importing and exporting September Version 41 Table of contents Introduction 4 We have the solutions for your needs The rules were developed by the Banking Commission of the International Chamber of Commerce ICC in partnership with the leading financial messaging provider, SWIFT, to take into account the legitimate expectations of all relevant sectors. Over the course of drafts two and three, various comments were received, first to make the Obligor Bank liable and then to assign liability for charges to the Recipient Bank.