The ICC DOCDEX System

1) Introduction

DOCDEX, standing for Documentary Credit Dispute Resolution Expertise, is a rapid, cost-effective system intended to resolve disputes involving International Chamber of Commerce (ICC) rules on documentary credits. Originally introduced in 1997, it is a private, expert-based and (unless otherwise agreed) non-binding alternative to international litigation and arbitration. The ICC says that DOCDEX has been used by practitioners worldwide who need quick decisions on outstanding conflicts.

The original DOCDEX system dealt with two of the ICC's sets of Rules: the Uniform Customs and Practice for Documentary Credits (UCP 500) and the Uniform Rules for Bank-to Bank Reimbursements under Documentary Credits (URR 525). Since then, the Rules have been revised, expanding the DOCDEX process to encompass two other sets of ICC Rules: the Uniform Rules on Collections (URC 525) and the Uniform Rules for Demand Guarantees (URDG 458).113

The ICC says tha...

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