Users’ Handbook for Documentary Credits under UCP 600

Users’ Handbook for Documentary Credits under UCP 600
By Walter (Buddy) Baker, John F. Dolan

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.

The 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.

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Users Handbook For Documentary Credits UCP 600

ICC Publication No. 694
Paperback, 2008 Edition
Price: $75.00
ISBN: 978-92-842-0043-6

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International Standard Banking Practice (ISBP 2013)

International Standard Banking Practice (ISBP 2013)
By ICC Banking Commission

This new ISBP is the most up to date and comprehensive guide to handling and examining trade documents under documentary credits.  Completely revised, ISBP 2013 enables to apply banking practices under UCP 600 to various trade documents, e.g., invoices, transport documents, bills of lading, and certificate of origin.  ISBP also addresses documents, not treated in previous editions:

  • Packing list
  • Weight list
  • Beneficiary certificate
  • Non-negotiable sea waybills
  • Analysis, inspection, health, quantity and quality certificate

ISBP is the best reference book in banking practices for international letters of credit documents subject to UCP 600. Use of ISBP has significantly reduced international discrepancies for documentary credits and is regularly used by banking, logistics, insurance, legal and corporate professionals and academics worldwide.  It is a great companion book with UCP 600.

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Publication No. 745
Paperback, 2013 Edition
100 Pages
Price : $35.00
ISBN: 978-92-842-0188-4

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Uniform Customs and Practice for Documentary Credits

Uniform Customs and Practice for Documentary Credits, UCP 600

Commercial letters of credit are the lifeblood of the international trade system and, for more than 70 years, the International Chamber of Commerce (ICC) has established the rules governing documentary credits worldwide. By a unanimous vote of 91 to 0, the ICC Banking Commission on October 25, 2006 approved UCP 600, ICC’s revised rules on documentary credits and how to use a letter of credit. UCP 600 entered into force on July 1, 2007 and contains substantive changes to the existing rules that all international business professionals need to know.

New Provisions

  • A leaner set of rules, with 39 articles rather than 49 articles of UCP 500
  • A new section of definitions, containing terms such as “honor” and “negotiation”
  • A replacement of the term “reasonable time” with a definite number of days for examining and determining compliance of documents
  • A new provision concerning addresses of the beneficiary and the applicant
  • An expanded discussion of “original documents”
  • Re-drafted transport articles aimed at resolving confusion over the identification of carriers and agents.

The new UCP 600 also contains within the text the 12 articles of the eUCP, ICC’s supplement to the UCP governing presentation of documents in electronic or part-electronic form.

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Publication No. 600
Paperback
2007 Edition
72 pages
Price: $25.00
ISBN: 978-92-842-1257-6

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Incoterms® 2010 Wallchart

Incoterms® 2010 Wallchart
ICC Official Rules for the Interpretation of Trade Terms

Are you studying the latest international commercial trade terms (Incoterms®)? With the 2011 update to the previous terms for transporting goods abroad, it is imperative to stay on top of the most recent changes. Save yourself the time and trouble looking up the terms in the Incoterms® 2010 manual and get your very own Incoterms® 2010 chart to display on the wall in your office for quick reference.

Useful Tools
This practical wallchart explains all 11 Incoterms® 2010 rules at a glance, including thorough explanations of cost allocation, points of risk transfer, responsibility for delivery and clarification of steps where mutual cost allocation and responsibility take place. The chart also further breaks down all of the terms into two specific groups: those that are exclusively applicable to marine transport and those that are applicable to all methods of transport. It is ideal for offices, classrooms or as a client gift.

Product Specifications
Poster, 12 inches x 24 inches
Sold in package of 10 posters

Give as a Company Gift
Are you interested in purchasing Incoterms® 2010 charts in bulk to give as a corporate gift? Personalization is available for this item.  We can add a company or school logo to the chart. Personalized charts must be purchased in a minimum quantity of 30 packs (300 charts).

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Publication No: 716
2010 Edition
Price: $110.00
ISBN: 978-92-842-0090-0

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