This Bloomsbury Professional book is a detailed and authoritative account of the law and practice of documentary credits, including standby credits and demand guarantees. It also explains the rights and liabilities of each of the parties in the chain of complex relationships involved. Written from the perspective of banking practices as well as the law, it considers the Uniform Customs and Practice for Documentary Credits 600, as well as a full review of the body of case law on the UCPDC 500.
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Chapter 1 Introduction to Documentary Credits and to the Uniforms Customs
Chapter 2 Types or Categorisations of Documentary Credits
Chapter 5 The Contracts of the Issuing Bank and the Confirming Bank with the Seller
Chapter 6 The Correspondent Bank
Chapter 8 The Documents and their Examination
Chapter 11 The Bank's Security
Chapter 13 Conflict of Laws, Illegality and Exchange Control, Sovereign Immunity