During the December 2021 DRC Board of Directors meeting, the Board approved changes to DRC’s Trading Standards and Dispute Resolution Rules. These changes provide clarity and updates to certain terms or concepts.
The following sections from DRC’s Trading Standards and articles from DRC’s Dispute Resolution Rules that have been upgraded and the subject of the amendment:
DRC Trading Standards
- Section 19.7 – Proper reference to DRC Good Arrival Guidelines
- Section 20.1 – INCOTERMS 2020 updated
- Section 21 – The United Nations Convention on Contracts for the International Sale of Goods (CISG) and United States Uniform Commercial Code (UCC)
DRC Dispute Resolution Rules
- Article 1.b.vii – Counterclaim definition updated
- Article 1.b.viii – Counterclaim with setoff definition updated
- Article 2.3 – Arbitration Awards enforceable in the courts
- Article 3 – Arbitration Awards enforceable in the courts
- Article 33.2 – Counterclaim or Counterclaim with setoff submission
- Article 33.3 – Counterclaim or Counterclaim with setoff submission
- Article 53 – Virtual Hearings
- Article 62 – Arbitration Awards enforceable in the courts
These amendments came into in force on February 15, 2022.
If you have any questions about these changes, please contact Jaime Bustamante, Director of Trading Assistance at 613-234-0982 ext. 224
