Int'l Rules - Trade‎ > ‎eUCP‎ > ‎

Article e07

Notice of Refusal

a.

i.    The time period for the examination of documents commences on the banking day following the banking day on which the beneficiary's              notice of completeness is received.

ii.   If the time for presentation of documents or the notice of completeness is extended, the time for the examination of documents commences       on the first following banking day on which such bank is able to receive the notice of completeness.

b.     If an issuing bank, the confirming bank, if any, or a nominated bank acting on its nomination, provides a notice of refusal of a presentation which         includes electronic records and does not receive instructions from the party to which notice of refusal is given within 30 calendar days from the            date the notice of refusal is given for the disposition of the electronic records, the bank shall return any paper documents not previously returned         to the presenter but may dispose of the electronic records in any manner deemed appropriate without any responsibility.