Adopted: UNCITRAL Model Law on Electronic Transferable Records

Forum topic: Submitted by jpotvin on Mon, 2017-07-24 14:52.

The Model Law on Electronic Transferable Records (MLETR) provides the trans-jurisdictional legal context for use of electronic transferable records that are functionally equivalent to transferable documents and instruments, such as bills of lading, bills of exchange, promissory notes and warehouse receipts.

Laws at country and sub-country levels are typically adapted to conform with UNCITRAL "Model Laws".

This is relevant to the UBL community, in particular because it would be useful to validate that there is precise semantic mapping between UBL and the MLETR concepts and terms, where these refer to the same types of documents.

Read more:

http://uncitral.tumblr.com/post/163091290521/un-commission-on-internatio...

 

 

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Tradable invoice

kenneth.bengtsson | Wed, 2017-07-26 00:42

Great input, thanks! This is indeed relevant to the UBL community and to the UBL TC. We've recently commenced work on a tradable invoice/bill of exchange in the Payments and Finance workgroup and, as you said, it would be important to align the semantics and to assure that the UBL work product supports the MLETR concepts on a syntax level as well.

Has work been done on the MLETR already, and what is the current stage of development?

Best regards,

Kenneth Bengtsson

https://www.oasis-open.org/committees/tc_home.php?wg_abbrev=ubl-payfin 

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