The Law of Letters of Credit and Bank Guarantees

The Law of Letters of Credit and Bank Guarantees

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The aim of this book is to present the Australian law of letters of credit and bank guarantees. It inexorably presents overseas literature as well because the subject is by nature international and comparative, and Australian courts readily cite overseas literature, particularly from the United States, England and Canada. Hence the book focuses on the available Australian literature and utilizes some limited overseas authorities which make Australian law whole and the book more understandable. - From the PrefaceDesignation of issuer and paying bank The letter of credit or bank guarantee should identify the issuer and its location. The UCP also ... Issuer commitment The issuer undertakes to honour demands for payment which comply with the terms of the credit or guarantee. The typical event that ... They may specify, for example, whether partial drawings under the credit are permissible or not. Frequently, lettersanbsp;...

Title:The Law of Letters of Credit and Bank Guarantees
Author:Agasha Mugasha
Publisher:Federation Press - 2003-01


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