| Documentary Credits: Law and Practice (Lloyd's Commercial Law Library) |  | Author: Christopher Hare
Publisher: Informa Law
Category: Book
Buy New: $576.00
as of 5/27/2012 14:06 EDT details
Seller: Amazon.com
Sales Rank: 10,635,833
Languages: English (Unknown), English (Original Language), English (Published)
Media: Hardcover
Pages: 600
Number Of Items: 1
Shipping Weight (lbs): 0
Dimensions (in): 0 x 0 x 0
ISBN: 1843114283
EAN: 9781843114284
ASIN: 1843114283
Publication Date: March 1, 2012
Shipping: Eligible for FREE Super Saver Shipping
Availability: Usually ships in 1 to 3 weeks
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Product Description
Documentary Credits: Law and Practice is an authoritative text dealing with the law relating to documentary credits in both an English and international context. The book provides a detailed examination of the fundamental concepts of the documentary credit regime including the principle of autonomy, the doctrine of strict compliance, and the 'fraud exception.' It includes a critical analysis of the English position by reference to decisions of other jurisdictions. While concentrating on the most common forms of documentary credit governed by the UCP (Uniform Customs and Practice) 600, such as letters of credits and standby letters of credit, this book also covers other forms such as demand guarantee bonds. A distinctive feature of this book is its comparative law element. It draws heavily upon the decisions of other jurisdictions — both common law and civil law — to highlight the benefits of alternative solutions to the ones favored by the English courts, as well as to consider problem areas identified by other jurisdictions. Contents include: the uniform customs and practices for documentary credits • the classification of letters of credit • the relationship between the applicant and the beneficiary, the applicant and the issuing bank, and the issuing bank and the beneficiary • the correspondent bank, the collecting bank, and the negotiating bank • the principle of autonomy and its limits • the transfer of credits and assignment on proceeds • the bank's security • default undertakings: standby letters of credit, performance bonds, and the first demand guarantees • the conflict of laws in documentary credit transactions.
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