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Borderlines in Private Law

Edited by: William Day, Julius Grower
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Documentary Credits 3rd ed


ISBN13: 9780406916341
ISBN: 0406916349
New Edition ISBN: 9781845923471
Previous Edition ISBN: 0406022887
Published: November 2000
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Hardback
Price: Out of print



Out of Print Documentary credits are in wide use as a means of securing payment of international trade transactions. This practical work offers a lucid and comprehensive account of the workings of documentary credits in the context of English law and under international banking practice as applied in England.

Written from the perspective of banking practices as well as the law, the text fully considers the Uniform Customs and Practice for Documentary Credits and refers to opinions of the ICC Banking Commission as well as to all relevant decisions of the courts.

Subjects:
Banking and Finance
Contents:
Introduction.
Types of documentary credits.
The buyer and seller.
The applicant and the issuing bank.
The contracts of the issuing bank and the confirming bank with the seller.
The correspondent bank.
The collecting bank and the negotiation bank.
The documents and their examination.
Fraud and injunctions.
Transfer and assignment.
The bank's security.
Standby credits, and demand guarantees and bonds.
Conflict of laws, illegality and exchange control, sovereign immunity.
Appendices.