ICC Uniform Rules for Forfaiting (URF 800): Including Model Agreements - Softcover

International Chamber Of Commerce

Softcover

ISBN 10: 9284201845 ISBN 13: 9789284201846

Publisher: ICC, 2012

Synopsis

First-ever set of rules, ICC Uniform Rules for Forfaiting provides clear definitions and practical model agreements. In the U.S. forfaiting is known as structured trade finance, and every year, more than $300 billion of world trade takes place using forfaiting.

Developed by ICC and IFA, the use of these global rules and standards will help avoid misunderstandings, reduce risk, harmonize best practice around the globe, and facilitate future dispute settlement. These rules went into effect on January 1, 2013.

ICC Uniform Rules for Forfaiting (URF) cover controversial subjects and clarify complex issues such as:

• Forfaiting agreement and conditions in the primary market
• Forfaiting confirmations and conditions in the secondary market
• Payments and payments under reserve
• Liabilities
• And more

Created by experts for experts, ICC URF is a must-have for anyone involved in international trade finance transactions.

Edition details

• Publisher: ICC
• Publication date: 2012
• ISBN 10: 9284201845
• ISBN 13: 9789284201846
• Binding: Paperback
• Language: English