diff --git a/CHANGELOG.md b/CHANGELOG.md
index 87e97f1883..fffb26cdfc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,9 @@ _**For better traceability add the corresponding GitHub issue number in each cha
 
 ## [Unreleased]
 
+
+## [5.1.4] - 2024-05-27
+
 ### Fixed
 
 - Fixed submodel request path by introducing configuration property `irs-edc-client.submodel.submodel-suffix` which will
@@ -671,7 +674,8 @@ _**For better traceability add the corresponding GitHub issue number in each cha
 - **Select Aspects you need**  You are able to select the needed aspects for which you want to collect the correct endpoint information.
 
 
-[Unreleased]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.3...HEAD
+[Unreleased]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.4...HEAD
+[5.1.4]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.3...5.1.4
 [5.1.3]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.2...5.1.3
 [5.1.2]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.1...5.1.2
 [5.1.1]: https://github.com/eclipse-tractusx/item-relationship-service/compare/5.1.0...5.1.1
diff --git a/charts/item-relationship-service/CHANGELOG.md b/charts/item-relationship-service/CHANGELOG.md
index a445f38c60..3392764545 100644
--- a/charts/item-relationship-service/CHANGELOG.md
+++ b/charts/item-relationship-service/CHANGELOG.md
@@ -6,9 +6,16 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+
+## [7.1.4] - 2024-05-27
+
 ### Added
 - Added configuration property `edc.submodel.suffix`.
 
+### Changed
+
+- Update IRS version to 5.1.4
+
 ## [7.1.3] - 2024-05-17
 
 ### Changed
diff --git a/charts/item-relationship-service/Chart.yaml b/charts/item-relationship-service/Chart.yaml
index b505b6030b..5eb5360ab9 100644
--- a/charts/item-relationship-service/Chart.yaml
+++ b/charts/item-relationship-service/Chart.yaml
@@ -35,12 +35,12 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 7.1.3
+version: 7.1.4
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "5.1.3"
+appVersion: "5.1.4"
 dependencies:
   - name: common
     repository: https://charts.bitnami.com/bitnami
diff --git a/docs/src/api/irs-api.yaml b/docs/src/api/irs-api.yaml
index 9b352a415d..a9c9cdb401 100644
--- a/docs/src/api/irs-api.yaml
+++ b/docs/src/api/irs-api.yaml
@@ -3,7 +3,7 @@ info:
   description: The API of the Item Relationship Service (IRS) for retrieving item
     graphs along the value chain of CATENA-X partners.
   title: IRS API
-  version: 5.1.3
+  version: 5.1.4
 servers:
 - url: http://localhost:8080
 security:
diff --git a/irs-api/src/main/java/org/eclipse/tractusx/irs/IrsApplication.java b/irs-api/src/main/java/org/eclipse/tractusx/irs/IrsApplication.java
index 852835ad63..e37f31b068 100644
--- a/irs-api/src/main/java/org/eclipse/tractusx/irs/IrsApplication.java
+++ b/irs-api/src/main/java/org/eclipse/tractusx/irs/IrsApplication.java
@@ -59,7 +59,7 @@ public class IrsApplication {
     /**
      * The IRS API version.
      */
-    public static final String API_VERSION = "5.1.3";
+    public static final String API_VERSION = "5.1.4";
 
     /**
      * The URL prefix for IRS API URLs.