Int'l Rules - Trade‎ > ‎URC 522‎ > ‎E. Payment‎ > ‎

Article 19

Partial payments

a.    In respect of clear collections, partial payments may be accepted if and to the extent to which and on the conditions on which partial payments are authorized by the law in force in the place of payment. The financial document(s) will be released to the drawee only when full payment thereof has been received.

b.    In respect of documentary collections, partial payments will only be accepted if specifically authorised in the collection instruction. However, unless otherwise instructed, the presenting bank will not be responsible for any consequences arising out of any delay in the delivery of the documents.

c.    In all cases partial payments will be accepted only subject to compliance with the provisions of either Article 17 or Article 18 as appropriate.
Partial payment, if accepted, will be dealt with in accordance with the provisions of Article 16.