With or Without Aval? A Small Question That Changes the Risk in Documentary Collections Introduction In documentary collections under URC 522, things often run on familiar rails—documents sent, acceptance obtained, maturity awaited. Most of the time, the collecting bank’s role remains strictly mechanical. Then, occasionally, a small question appears: “With or without avalization?” It sounds like a minor procedural choice. In reality, it quietly shifts the nature of the transaction—from relying solely on the … Read More
AVALIZATION UNDER DOCUMENTARY COLLECTIONS SVISHU – Kuwait Posted 29 May 10 | Though URC 522 does not have any article covering Avalisation, at times, we get documents from the collecting banks instructing us to avalise ( guarantee the payment on due date ) . Shouldn't there be an article under URC 522 to handle such situations ? —— Daniel D – Switzerland Posted 31 … Read More