Users‘ Handbook for Documentary Credits under UCP 600

Users’ Handbook for Documentary Credits under UCP 600 is an introduction to users of letters of credits as well as to sellers and buyers who seek to increase their access to cross-border markets. It clearly illustrates how both commercial parties and bankers have used this remarkable commercial device, the documentary credit, to achieve their objectives in international business.

Users’ Handbook is divided into five parts:

• • Part One is a brief discussion of international sales and transport.
• • Part Two explains the banking industry’s crucial role in documentary credit transactions and illustrates many of the transactions in which commercial parties utilize the documentary credit.
• • Part Three explains the way documents control the payment function of the documentary credit.
• • Part Four introduces the all-important feature of the documentary credit – the ways it opens financing options to sellers, which can then extend credit to buyers.
• • Part Five introduces the standby credit and illustrates its role in cross-border transactions.
• A handy glossary of international trade terms for easy reference.

Details:

Table of contents:

• Foreword
• Preface
• Part One International Sales and Transport
  1. Chapter I The International Sale
  2. Chapter II International Transport (Delivery)
• Part Two The Role of the Banks
  3. Chapter III International Payments
  4. Chapter IV Cash and Open Account Sales
  5. Chapter V Forfaiting
  6. Chapter VI The Documentary Draft Transaction
  7. Chapter VII Introducing the Commercial Letter of Credit
  8. Chapter VIII Advising the Credit
  9. Chapter IX The Nominated Bank
  10. Chapter X Confirming the Credit
• Part Three Honouring the Credit Obligation
  11. Chapter XI Documents and Documentary Compliance
  12. Chapter XII Honour and Dishonour
  13. Chapter XIII Reimbursement
• Part Four Financing the Transactions
  14. Chapter XIV Documentary Credits and Papers Presented under Them as Financing Devices
  15. Chapter XV Using the Credit to Pay Suppliers by Transfer
  16. Chapter XVI Paying the Seller’s Supplier
  17. Chapter XVII Discounting
• Part Five The Standby Credit in International Trade
  18. Chapter XVIII International Standby Credit Transactions
• Uniform Customs and Practices for Documentary Credits – 2007 Revision
• International Trade Glossary
• About the Authors
• Index