International Standard Banking Practice for the Examination of Documents under Documentary Credits - 2007 Revision for UCP 600 eBook

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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.
INFORMATION

AUTEUR: ICC

NOM DE FICHIER: International Standard Banking Practice for the Examination of Documents under Documentary Credits - 2007 Revision for UCP 600.pdf

DATE DE PUBLICATION: 2007-Jan-01

TAILLE DU FICHIER: 2,71 MB

TÉLÉCHARGER LIRE EN LIGNE

UCP 600 is the latest version of the Uniform Customs and ...

ICC Austria Technical Assistance Seminar International Standard Banking Practice For the Examination of Documents under Documentary Credits Purpose and scope of ISBP Relationship of ISBP to UCP Why the need for a revision and what is new Using ISBP in a bank or corporate capacity A general review of the main changes made in ISBP 745 Summary of the essential changes on ISBP 745 How are ICC ...

ICC Rules and Standards | ICC Store

The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit.The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance.Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.. Historically, the commercial parties, particularly banks ...

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