Introduction to Letter of Credit Law & Practice
IIBLP’s Introduction to Letter of Credit Law & Practice is an excellent introduction to the letter of credit instrument and its various applications in international trade.
This soft-bound book features case studies and practical questions to stimulate understanding of contemporary letter of credit court cases.
What is Included
- Different types of payment mechanisms, comparing independent undertakings with their cousins (suretyship guarantees) and more distant relatives (collections) (Chapter 1)
- Letters of Credit with attention paid to the sources of letter of credit law and practice (Chapter 2)
- Obligations of the various players (Chapter 3)
- Procedural aspects of LC rules and laws (Chapter 4)
- Standard by which compliance is to be determined (Chapter 5)
- LC fraud exception to the independence principle (Chapter 6)
- focus on standby & independent guarantees (Chapter 7)
- Transfer and subrogation (Chapter 8).
Who Should Read This
- Bankers dealing with LCs
- In House Counsel for Banks
- Outside lawyers dealing with LCs
- Corporates who use commercial LCs