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Electronic Documents (eUCP)

  • Tarsem Bhogal
  • Arun Trivedi
Chapter
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

Background to eUCP (Uniform Custom and Practice) 600: The emergence of electronic commerce in the international trade system has completely transformed the way the business community does business with its overseas counterparts. This has created the need for a new set of rules and procedures governing global trade operations including entering into sale contracts, trade payment and handling of goods and documents. This has given rise to a new agency being introduced into the international trade mechanism, that of a reliable and trusted third party to do the important work of authentication and safe keeping of messages and their integrity, storage and retrieval; give instructions to various service providers; and trigger release of goods and payment.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tarsem Bhogal
    • 1
  • Arun Trivedi
    • 1
  1. 1.LondonUK

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