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Hi!

we all know that URR is used for payment instructions in case of LC. i would like to know if it is possible to quote URR in the collection instructions?

Hi Pals,

IMHO no, those rules are specific for bank to bank reimbursement under documentary credits, due to different position of the banks.
In URC a bank has to collect money and transfer it asap, as per instructions.
Other comments appreciated

Ciao

I agree.