The Law And Practice Of Documentary Letters Of Credit
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Author | : Peter Ellinger |
Publisher | : Hart Publishing |
Total Pages | : 0 |
Release | : 2010-01-01 |
Genre | : Law |
ISBN | : 9781841136738 |
Letters of credit have retained their role as an instrumentality for the financing of foreign trade. An understanding of the law and practice in point is imperative for lawyers advising business people and bank clients, as well as for the banking and trading communities. The book examines the topic on the basis of the common law system, primarily UK law, and adopts an approach that is analytical and not merely descriptive. Letter of credit transactions are, by their nature, international and most nations have adopted the Uniform Customs and Practices ("UCP") originally promulgated by the International Chamber of Commerce (ICC) in 1933 and updated from time to time. Today, the UCP constitutes a code of internationally accepted rules governing letter of credit transactions. The authors have therefore selectively incorporated some comparative discussion, for instance, of the position in the USA and Europe. The book will be an essential work of reference for commercial lawyers in all the major financial centres of Europe, America and Asia.
Author | : Xiang Gao |
Publisher | : Kluwer Law International B.V. |
Total Pages | : 222 |
Release | : 2002-01-01 |
Genre | : Law |
ISBN | : 9041198989 |
"Dr. Gao finds the best provisions and practices in respect of the fraud rule in the United States, the United Kingdom, Canada, and Australia, and applies these standards to the reformulation of the fraud rule in the PRC. In the process be surveys the entire field of the fraud rule in the law of letters of credit in its substantive aspects, thus going deeper than mere banking law analyses and revealing, for the benefit of jurists everywhere, the fundamental legal issues that must underlie all sound judicial reasoning in the area. In more practical terms, this approach also allows judges to meet their essential responsibility - that of giving an answer when a case is put before them - with the widest and best possible degree of discernment."--BOOK JACKET.
Author | : Matti Kurkela |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : Law |
ISBN | : 9780195323160 |
Letters of credit and bank guarantees are the most important financial instruments in international exchange. Matti S. Kurkela, a leading expert in the field, presents an advanced, extensive study and guide to letters of credit. The author analyzes the material rules and principles applicable to them; conflict of laws as well as law merchant applied regardless of place of operation or nationality of the parties involved. Letters of Credit and Bank Guarantees under International Trade Law is the only true guide whose focus is on international law and choice of applicable law, with comparisons of the UCP, the UCC and selected national laws. Bank attorneys, international bankers, commercial bankers, international trade and finance attorneys in law firms, in-house counsel, financial institutions, and academia will find this a clearly written, invaluable guide to the latest rules, case law and practice relating to these financial instruments. The new, expanded Second Edition includes: - Analysis and comparison of commercial and standby credits, bank guarantees and bonds in use in international exchange - Introduction to the various sets of rules in use in international operations and banking - Changes made to the UCC Article 5 and UCP 600 - New development and landmark decisions and case law since the publishing of the first edition - Guidance to and analysis of inter bank relationship, indemnity agreements and reference to sample documentation, and numerous sample clauses - Reference to statutory laws of lcs in various countries
Author | : Institute of International Banking Law & Practice |
Publisher | : |
Total Pages | : 285 |
Release | : 2012 |
Genre | : Banking law |
ISBN | : 9781888870572 |
All the rules and laws that today's Letter of Credit & Guarantee specialist needs are here under one book cover: UCP600; ISBP (2007); ISP98; URDG 758; URC 522; URR 725; US Rev. UCC Article 5; Chinese LC Rules; UN LC Convention; and much more. Preceding each item, an overview provides brief background on the history and significance of each set of rules or laws.
Author | : |
Publisher | : ICC Publications |
Total Pages | : 114 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : |
International Standard Banking Practice (ISBP) for the examination of documents under documentary credits, answers the most relevant questions practitioners have concerning how UCP 500, ICC's universally used rules on documentary credits, are to be integrated into day-to-day practice. The product of more than two years of work by the ICC Banking Commission, ISBP is based on the official Opinions issued by the Banking Commission in response to queries submitted by users of UCP 500. The text provides responses to the key questions relating to the examination of drafts, multimodal transport documents, insurance documents, certificates of origin and a range of other documents associates with letters of credit. This publication reflects international standard banking practice for all parties to a documentary credit. Figures show that 60%-70% of credits are rejected for discrepancies on first presentation. The new ISBP, by encouraging a uniformity of practice worldwide, is expected to cut these figures dramatically and, by doing so, to facilitate the flow of world trade.
Author | : Audi Gozlan |
Publisher | : Springer |
Total Pages | : 0 |
Release | : 1999-03-19 |
Genre | : Law |
ISBN | : 9789041107237 |
The book examines the criteria used to determine the law relating to disputes over letters of credit where several parties are involved and each is situated in a different jurisdiction with no choice of law specified. Chapters include: relationships and connecting factors related to a letter of credit transaction; conflict of law rules; and, specific criteria as a solution to conflicts of laws in matters of letters of credit. The work is aimed at practitioners involved in financial and banking law or the settlement of disputes, financial institutions and those involved in importing and exporting.
Author | : Paul Todd |
Publisher | : Taylor & Francis |
Total Pages | : 566 |
Release | : 2013-05-02 |
Genre | : Law |
ISBN | : 1135135819 |
Bills of Lading and Bankers’ Documentary Credits provides a straightforward guide to the nuances and complexities of deals conducted under the documentary credit system. The book describes in detail the law applicable to and the practical workings of bankers' documentary credits as they are used in international sales and carriage of goods contracts in a way that is accessible to both lawyers and to businessmen who have to use these contracts on a day-to-day basis. In its fourth edition, Bills of Lading and Bankers’ Documentary Credits has been completely updated to take account of recent case law and developments including the UCP 600 as well as progress in electronic and other documentation since the last edition.
Author | : Charles Chatterjee |
Publisher | : Routledge |
Total Pages | : 225 |
Release | : 2015-09-16 |
Genre | : Law |
ISBN | : 1317481437 |
Trade finance is of great importance in the commercial world, for both students (undergraduate and postgraduate) and practitioners. The choice of countries in export trade is often perception-based: trade with government departments or public institutions is seen as much safer than with private entities and the choice of countries is often based on that perception of risk. This book: addresses issues and topics which are relevant to all jurisdictions in the world explains the various types of trade finance, how they may be raised and the legal issues pertaining to them Value for those wanting to understand the legal issues of sources of trade finance in both the developed and developing countries, this book will interest students studying the interaction between law and commerce.
Author | : Rupnarayan Bose |
Publisher | : Notion Press |
Total Pages | : 486 |
Release | : 2020-05-09 |
Genre | : Business & Economics |
ISBN | : 1648508774 |
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more. It is extensively researched, delving deep into the subject of international trade, presenting current issues and solutions related to LCs that the reader may not otherwise come across easily. A gold mine of information on payment risk management, it’s the last word on documentary credits. “This book is a great read for knowledge and practical information on letters of credit. It succinctly takes the reader through the concepts of risk management, explains the fundamentals of global trade finance issues, the dilemmas plaguing international sellers and buyers, and standardised ways for the buyer and the seller to secure goods and make payments, respectively. This is a must-read book for academicians, exporters, importers and bankers looking for complete, authentic information on international trade finance and global business.” - Dr. Deepankar Sinha, Professor; Head - Research Division, Kolkata Campus; Programme Director - Centre for Trade and Logistics (CFTL), Kolkata Campus, Indian Institute of Foreign Trade (IIFT)
Author | : John F. Dolan |
Publisher | : Kluwer Law International |
Total Pages | : 0 |
Release | : 2008 |
Genre | : Belge karşılığı ödeme |
ISBN | : 9789041131904 |