Standby and Commercial Letters of Credit, Third Edition alerts you to current developments and discusses the recent UCP600, former UCP500, ISP98, UCC Article 5, and current trade practices and problems. The authors review letter of credit law and practices, helping to resolve concerns of applicants, beneficiaries, and issuers. This essential resource includes: Sample forms and clauses, procedures and checklists Current court cases and extensive Table of Cases What can happen to letters of credit in bankruptcy and insolvency proceedings Fraud and injunction nightmares Cross-reference table UCP600 and UCP500 Strategies for bank reimbursement agreements Standby and Commercial Letters of Credit, Third Edition gives you immediate guidance when you need it most. And it supplies real-world letters of credit situations, with analyses of what was done right and wrong.The beneficiary can refuse a credit that is not consistent with the credit terms to which it agreed. ... For example, in Apex Oil Co. v. ... of the a#39;a#39;short rate premiuma#39;a#39; after the insured had given notice of cancellation and that it would not renew the letter of credit, paid all amounts due, but refused to pay the a#39;a#39;short rate premium.
|Title||:||Standby and Commercial Letters of Credit|
|Author||:||Brooke Wunnicke, Paul S. Turner|
|Publisher||:||Aspen Publishers Online - 2000-10|