ISP98: The Rules
If you deal with standbys, the International Standby Practices (ISP98) rules are a must.
This paper leaflet contains the official ISP98 rules. Also known as ICC Publication No. 590, a copy of the ISP98 rules is a must for any document checker working in standbys and demand guarantees.
Having been tested in courts since their adoption, the ISP98 rules have been proven to hold firm. This means beneficiaries, banks, bond issuers, and lawyers can ALWAYS count on ISP98.
ISP98 Additional ISP98 Resources: