CDCS Video Lectures eUCP 1.1 Article 1 and 2 by Vishal Mantri +919960560404

Article e1
Scope of the eUCP
a. The Supplement to the Uniform Customs and Practice for Documentary Credits for Electronic Presentation ("eUCP") supplements the Uniform Customs and Practice for Documentary Credits (2007 Revision ICC Publication No. 600,) ("UCP") in order to accommodate presentation of electronic records alone or in combination with paper documents.
b. The eUCP shall apply as a supplement to the UCP where the credit indicates that it is subject to eUCP.
c. This version is Version 1.1. A credit must indicate the applicable version of the eUCP. If it does not do so, it is subject to the version in effect on the date the credit is issued or, if made subject to eUCP by an amendment accepted by the beneficiary, on the date of that amendment.
Article e2
Relationship of the eUCP to the UCP
a. A credit subject to the eUCP ("eUCP credit") is also subject to the UCP without express incorporation of the UCP.
b. Where the eUCP applies, its provisions shall prevail to the extent that they would produce a result different from the application of the UCP.
c. If an eUCP credit allows the beneficiary to choose between presentation of paper documents or electronic records and it chooses to present only paper documents, the UCP alone shall apply to that presentation. If only paper documents are permitted under an eUCP credit, the UCP alone shall apply.