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Users' Handbook for Documentary Credits under UCP 600
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ICC Publication No.: 694
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Users' Handbook for Documentary Credits under UCP 600
by John F. Dolan, Walter (Buddy) Baker
ICC No. 694
Paperback
7 1/2 inches x 11 3/4 inches
2008 Edition
160 pages
Users' Handbook for Documentary Credits under UCP 600 is designed to serve as an introduction to users of documentary credits, that is, to sellers and buyers who seek to increase their access to cross-border markets. It strives to demonstrate the way commercial parties and bankers have used this remarkable commercial device, the documentary credit, to achieve their objectives.
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.
Users' Handbook also contains a handy glossary of international trade terms for easy reference.
About the Authors
John F. Dolan is Distinguished Professor at
Wayne
State
University
Law
School.
Walter (Buddy) Baker has over thirty years experience in international trade finance.
Table of Contents
Part One International Sales and Transport
Chapter 1 The International Sale
Chapter 2 International Transport (Delivery)
Part Two The Role of the Banks
Chapter 3 International Payments
Chapter 4 Cash and Open Account Sales
Chapter 5 Forfaiting
Chapter 6 The Documentary Draft Transaction
Chapter 7 Introducing the Documentary Letter of Credit
Chapter 8 Advising the Credit
Chapter 9 The Nominated Bank
Chapter 10 Confirming the Credit
Part Three Honouring the Credit Obligation
Chapter 11 Documents and Documentary Compliance
Chapter 12 Honour and Dishonour
Chapter 13 Reimbursement
Part Four Financing the Transactions
Chapter 14 Documentary Credits and Papers Presented under Them as
Financing Devices
Chapter 15 Using the Credit To Pay Suppliers By Transfer
Chapter 16 Paying the Seller's Supplier
Chapter 17 Discounting
Part Five The Standby Credit in International Trade
Chapter 18 International Standby Credit Transactions
Appendix
Uniform Customs and Practice for Documentary Credits, 2007 Revision
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