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Books > Law > Laws of other jurisdictions & general law > Financial, taxation, commercial, industrial law > Commercial law
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The Law and Practice of Documentary Letters of Credit (Hardcover, New)
Loot Price: R6,761
Discovery Miles 67 610
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The Law and Practice of Documentary Letters of Credit (Hardcover, New)
Expected to ship within 10 - 15 working days
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Letters of credit have retained their role as an instrumentality
for the financing of foreign trade. An understanding of the law and
practice in point is imperative for lawyers advising business
people and bank clients, as well as for the banking and trading
communities. The book examines the topic on the basis of the common
law system, primarily UK law, and adopts an approach that is
analytical and not merely descriptive. Letter of credit
transactions are, by their nature, international and most nations
have adopted the Uniform Customs and Practices ("UCP") originally
promulgated by the International Chamber of Commerce (ICC) in 1933
and updated from time to time. Today, the UCP constitutes a code of
internationally accepted rules governing letter of credit
transactions. The authors have therefore selectively incorporated
some comparative discussion, for instance, of the position in the
USA and Europe. The book will be an essential work of reference for
commercial lawyers in all the major financial centres of Europe,
America and Asia.
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