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Vol 21 No 11 Nov/Dec 2016

Book of the Month

Cover of Criminal Injuries Compensation Claims

Criminal Injuries Compensation Claims

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Documentary Credits: Law and Practice


ISBN13: 9781843114284
To be Published: February 2017
Publisher: Informa Law
Country of Publication: UK
Format: Hardback
Price: £220.00



Documentary Credits: Law and Practice is an authoritative text dealing with the law relating to documentary credits in both an English and international context.

This new book provides:

  • practical information on the law of documentary credits

  • a detailed examination of the fundamental concepts of the documentary credit regime including:
    • the principle of autonomy
    • the doctrine of strict compliance
    • the ‘fraud exception’

  • critical analysis of the English position by reference to decisions of other jurisdictions
Whilst concentrating on the most common forms of documentary credit governed by the UCP 500 such as letter of credits and standby letters of credit, this book also covers other forms such as demand guarantee bonds.

A distinctive feature of this book is its comparative law element. It draws heavily upon the decisions of other jurisdictions (both common law and civil law) to highlight the benefits of alternative solutions to the ones favoured by the English courts and to consider problem areas identified by other jurisdictions.

Subjects:
Banking and Finance
Contents:
Chapter 1 - Introduction to documentary credits
Chapter 2 - The uniform customs and practices for documentary credits
Chapter 3 - Classification of letters of credit
Chapter 4 - Relationship between applicant and beneficiary
Chapter 5 - Relationship between applicant and issuing bank
Chapter 6 - Relationship between the issuing bank and beneficiary
Chapter 7 - The correspondent bank
Chapter 8 - The collecting bank and the negotiating bank
Chapter 9 - The tender and examination of documents under credit
Chapter 10 - The principle of autonomy and its limits
Chapter 11 - Transfer of credits and assignment on proceeds
Chapter 12 - The bank's security
Chapter 13 - Default undertakings: standby letters of credit,performance bonds and first demand guarantees
Chapter 14 - The conflict of laws in documentary credit transactions

Series: Lloyd's Commercial Law Library

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