eUCP 2.1

The eUCP (Electronic Supplement to UCP 600) version 2.1 sets out the rules for presenting electronic records under documentary credits. As trade moves towards digital documentation, eUCP provides the framework for electronic presentations to be treated with the same legal standing as paper.

Why eUCP matters now

Two major legal developments have made electronic trade documents practically viable:

• UK Electronic Trade Documents Act 2023 — Gives electronic trade documents (including bills of lading) the same legal status as paper equivalents under English law.
• UNCITRAL MLETR — The Model Law on Electronic Transferable Records provides a global legal framework for electronic documents. Adopted by a growing number of jurisdictions.

What eUCP 2.1 covers

• Definition of electronic records and their relationship to paper documents
• Rules for mixed presentations (electronic and paper together)
• Requirements for format, authentication, and data integrity
• Examination standards for electronic records by banks
• Notice of refusal for electronic presentations

How SmartLC supports eUCP 2.1

SmartLC is built for the transition to digital trade. The platform handles both paper-based and electronic document workflows, applying eUCP 2.1 rules where an LC permits or requires electronic presentation.