Circular issued by International Group clubs
Members are referred to Circular of 16 June 2021.
The International Group (IG) had previously approved DSUA version 2021.1 of essDOCS's electronic trading system, operated by essDOCS Exchange Limited (the Company).
This Notice confirms approval by the IG of an updated version of the DSUA. This version is called DSUA 2023.1 and supersedes DSUA 2021.1, which remains approved for the purposes of Club cover.
Members are asked to note the following:
- The Company was acquired in 2022, by Intercontinental Exchange, a Fortune 500 company. As a result, the Company's name has changed to ICE Digital Trade Management Limited (IDT Management). The registered company number and address of the Company remain unchanged.
- DSUA 2021.1 has been logically amended to reflect the change in the Company's name, including the removal of the Company's name from the definition of 'Databridge'.
Other exclusions of cover under Group Club Rules relating to the carriage of cargo will of course continue to apply in respect of all the approved providers in the same way as for paper systems. These exclusions include discharge at a port or place other than the port or place provided for in the contract of carriage, the issue / creation of an ante or post-dated electronic document / record, and the delivery of cargo without the production of the negotiable electronic document / record, which in the case of an approved electronic trading system will mean delivery of cargo other than in accordance with the rules of that trading system.
All Clubs in the Group have issued a similar circular.