Uniform Customs and Practice for DCs
See ICC 500
Uniform Rules for Collections
See ICC 522
Usance Bill
A Bill of Exchange which allows the drawee a term or period of credit （this period is also called usance）．
The term is usually stated in days （e．g． 30 days） or months and starts either from the date of the bill （e．g． 30 days date） or from the date of bill of lading， or from sight by the drawee （e．g． 30 days sight） which in practice means from the date of acceptance．
An essential feature of acceptance credits and D/A collections．
W
Waive
To relinquish a right： used in collections with BC charges and/or interest to be collected from the drawee： these can be waived in certain circumstances as set out in ICC 522．
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