International Standard Banking Practice for the Examination of Documents under UCP 600 (ISBP 745)

Since its initial publication in 2002 (Publication 645), International Standard Banking Practice (ISBP) has become an invaluable aid to trade finance professionals when creating documents for presentation under, or for the examination of documents presented under, a documentary credit. It comprises a compilation of banking practices that are to be applied when working with documentary credits that are subject to UCP 600. ISBP demonstrates how the principles and content of UCP 600 should be integrated into day-to-day practice by providing readers with detailed practices that are to be considered and applied when working with different trade documents (invoices, transport documents, insurance documents, certificates of origin…). ISBP also provides coverage of documents which are not specifically mentioned in UCP.

Details: 

Table of contents: 

• Introduction
• Preliminary considerations
• General principles
• Drafts and calculation of maturity date
• Invoices
• Transport document covering at least two different modes of transport (“multimodal or combined transport document”)
• Bill of lading
• Non-negotiable sea waybill
• Charter party bill of lading
• Air transport document
• Road, rail or inland waterway transport documents
• Insurance document and coverage
• Certificate of origin
• Packing list, note or slip (“packing list”)
• Weight list, note or slip (“weight list”)
• Beneficiary’s certificate
• Analysis, inspection, health, phytosanitary, quantity, quality and other certificates (“certificate”)
• ICC Banking Commission at a glance
• About ICC
• Trade finance publications and the ICC Digital Library

Note: This publication is also available as an English-German version (eBook and print version).