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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Commentary on UCP 600

Commentary on UCP 600
Article-by-Article Analysis by the UCP 600 Drafting Group

The International Chamber of Commerce (ICC) has established rules on documentary credits worldwide for more than 70 years. UCP 600, the latest version of ICC’s universally used rules on documentary credits, came into effect on July 1, 2007.

Members of the Drafting Group that developed the new UCP have produced an article-by-article commentary on the rules. Commentary on UCP 600, which reflects the Group’s personal views, explains their rationale behind the changes in the rules and clarifies the general principles that underlie them.

The Drafting Group’s Commentary on the UCP 600 examines each of the 39 articles of the new UCP. Each article and sub-article is analyzed under four different topics:

  • the text of the article or subarticle
  • the key changes from UCP 500
  • the commentary explaining the rationale for the new language
  • the cross references to other articles in UCP 600

Practical, compact and easy to read, Commentary on UCP 600 will be a reference book of choice for students and users of the new UCP.

Issues:
Commentary on UCP 600 frankly addresses the contentious issues in the new rules, among them:

  • the term on their face and why it was dropped in all but one UCP article
  • the removal of the words reasonable time
  • the language allowing discounting of deferred payment credits
  • the new article on definitions, containing terms such as honour and negotiation

On these and other key points, Commentary on UCP 600 provides an invaluable insight into the thinking of those who drafted the new UCP.

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Commentary on UCP 600

ICC Publication No. 680
Paperback, 2007 Edition
Price: $75.00
ISBN: 978-92-842-0015-3

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Business Guide to Trade and Investment

Business Guide to Trade and Investment
Volume 1 – International Trade
by Arthur E. Appleton and Patrick F.J. Macrory

Volume 1 of this series introduces business interests to the international and regional rules applicable to trade in goods and services, as well as to aspects of trade such as intellectual property rights and dispute settlement. Businesses that have an understanding of the history of the General Agreement on Trade and Tariffs (GATT) and the World Trade Organization (WTO) will find it easier to appreciate how they can benefit economically from the international trade regime.

Volume 1 covers the following subject areas:

  • Introduction to the world trading system, economic and political benefits of trade, structure and functioning of the WTO
  • Fundamental rules governing international trade
  • Customs issues including how customs authorities determine the amount of duties due on imports
  • Non-tariff barriers
  • WTO rules relating to subsidies
  • How industries can obtain relief from imports causing them harm
  • Rules applicable to trade in agricultural goods
  • Government procurement
  • Export Controls and Sanctions
  • Rules applicable to Trade in Services, IP rights
  • How disputes are settled in the WTO and regional trade agreements

The book also includes case studies showing how particular industries have used the rules to open foreign markets or to protect themselves from injurious imports.

The authors have worked hard to simplify the complex and technical subjects of trade and investment to make them more accessible. Technical subjects have been broken down into readily understandable language. Business guidance is provided in the form of Shaded Tip Boxes, as well as legal details in Text Boxes.

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ICC Publication No. 781E
Paperback, 2017 Edition
Price: $75.00
ISBN: 978-92-842-0377-2

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ICC Guide to Export/Import 2018

ICC Guide to Export/Import 2018
Global Business Standards & Strategies
By Guillermo C. Jimenez

Now in its 5th edition, this Guide has introduced a generation of international trade professionals to the essential rules and standard practices of the export import trade.

This thoroughly-revised edition includes up-to-date coverage of such crucial topics as:

  • Export Contracts
    Which documents are used to create and fulfill an export import contract?
    How do you properly use a pro forma invoice, purchase order, bill of lading, letter of credit, etc.?
  • Incoterms® 2010 rules
    Which Incoterms® rules are currently valid and which have been ruled obsolete?
    Which Incoterms® rules are used for general transport and which for maritime transport?
  • Dispute Resolution and ADR
    What is the difference between international litigation and international commercial arbitration? How do parties agree to arbitration under the ICC International Court of Arbitration (ICA)?
    What are the procedures at the ICA?
  • UCP 600
    What rules apply to letters of credit?
    What about standby letters of credit?
    Demand guarantees?
    What special rules apply to electronic documents and electronic letters of credit?
  • International Transport
    What different types of transport service providers are available for export import?
    What is the difference between a freight forwarder and a consolidator or NVOCC?
    How do you properly insure cargo for maximum coverage?
  • International Business Contracts
    How do you negotiate an international agency, distributorship, franchise, or trademark licensing contract?
    What are the ICC Model Contracts?
    What other international business contracts should you understand?
  • E-Commerce
    What do exporters and importers need to know about the Internet and e-commerce?
  • Intellectual Property
    How do exporters and importers protect their intellectual property rights internationally?

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ICC Publication No. 790E, 5th Edition
Paperback, 2018 Edition
Price: $75.00
ISBN: 978-92-842-0423-6

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Shiles Joins USCIB as Head of ATA Carnet and Trade Services

Andrew Shiles

New York, N.Y., May 16, 2017 – Former FedEx executive and cargo industry veteran Andrew Shiles has joined the United States Council for International Business (USCIB) to lead the association’s dynamic portfolio of trade services, including the “merchandise passports” used by thousands of exporters around the world to get goods through customs quickly and easily.

As senior vice president of ATA Carnet and trade services, Shiles will work to expand U.S. trade interests through promotion of the ATA Carnet program. ATA Carnets are internationally recognized customs documents that permit temporary duty-free, tax-free entry of qualified goods for up to one year. They are used widely to facilitate entry of goods for trade shows, product samples and professional equipment.

“Andy Shiles brings extensive experience to this position,” said USCIB President and CEO Peter Robinson. “He has in-depth knowledge of trade and customs affairs, including ATA Carnet, and relationships with clients ranging from multinational corporations to SMEs to freight forwarders. In addition, Andy has strong connections with U.S. Customs, and has engaged in a number of important industry trade associations.”

USCIB manages and guarantees the ATA Carnet system in the United States, with responsibility for issuing ATA Carnets falling to two outside service providers, Roanoke Trade and the Corporation for International Business. ATA Carnets are accepted in 84 countries and territories, while the global ATA systems is overseen by the World Customs Organization (WCO) and the International Chamber of Commerce (ICC). USCIB serves as ICC’s American national committee.

Shiles comes to USCIB following more than 30 years at FedEx Express, the world’s largest air express cargo company, most recently as global regulatory compliance manager, where he served on USCIB’s Customs and Trade Facilitation Committee. His leadership experience in global supply-chain management includes participation in U.S. Customs and Border Protection’s Simplified Entry Working Group, which redesigned and implemented the current entry-clearance process into the United States.

Shiles also has extensive experience working with multiple government agencies, including the Food and Drug Administration, Department of Agriculture and Consumer Product Safety Commission. A self-professed “Yankee with a Southern accent,” Shiles was born in Manhattan and raised in the Southwest and in Tennessee, where he received his bachelor’s degree from the University of Memphis. He is a member of the International Compliance Professionals Association and the American Association of Exporters and Importers.

Find out more about the services offered by USCIB to facilitate cross-border trade and investment at www.uscib.org.

Contact:
Jonathan Huneke, VP communications, USCIB
+1 212.703.5043 or jhuneke@uscib.org

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.

Coming Soon: 2015 Annual Review of International Banking Law & Practice

212_2015AnnualBookCoverThe USCIB International Bookstore will soon carry the 2015 Annual Review of International Banking Law & Practice.

At over 500 pages, this title is the field’s definitive record of Letter of Credit & Guarantee activity.  The 2015 Annual Review includes the key articles and industry reports on LC practice of the past year, as well as over 90 summaries of court cases from around the world. The annual review is available in both print and electronic versions.

Annual Survey of Letter of Credit Law & Practice Conference

Sign up today for the Annual Survey of Letter of Credit Law & Practice Conference in Tampa, FL on March 12-13. The conference is hosted by the Institute of International Banking Law & Practice (IIBLP), a partner of the United States Council for International Business (USCIB).

The Annual Survey is the premier LC event of the year. It is the only truly global forum dedicated to LC. The Annual Survey offers an unsurpassed networking opportunity by placing you face-to-face with over 100 of the leading LC professionals from banks, law firms, corporations and universities throughout the world.

Current problems and issues are openly aired in a direct exchange between industry leaders, offering analysis and educational opportunities through this intimate format.

For more information or to register, please click here.

2014 Holiday Offer From USCIB Bookstore

As the year comes to an end, USCIB International Bookstore wants to thank you by offering a special holiday deal, Buy One Get One 20 Percent Off!

Now through January 31, 2015, simply add two copies of the same ICC title (print copy or eBook) to the cart and you will receive a 20% discount on the second copy.

Deriving from the acclaimed work of the commissions, institutions, and international experts of the International Chamber of Commerce, our titles cover topics ranging from banking, commercial trade terms (Incoterms), law and arbitration, counterfeiting and fraud, model commercial contracts to advertising and environmental matters.

For a full list of our titles, please visit www.internationaltradebooks.org or contact us at 212.703.5066.

Staff Contact: Hsin-Ya Hou

More from the USCIB International Bookstore

New eBook Discounts at USCIB Bookstore

Order Now and save 10% on these new eBooks from the USCIB International Bookstore. Hurry, offer ends November 30, 2014!

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ICC Ethics and Compliance Training Handbook, $90.00
This practical guide and training tool provides hands-on expertise from distinguished practitioners in the field of corporate integrity and compliance. It offers useful guidance on performing risk assessment, installing a whistleblowing system, exercising due diligence when selecting agents or intermediaries, and conducting internal investigations.

Intellectual Property Licensing, $18.00
This booklet identifies and explains common issues that businesses face in connection with intellectual property right (IPR) licensing. It will help trademark and technology owners, IP Lawyers and businesses determine whether an IPR license is appropriate and necessary, and ensure that the license is properly documented and implemented.

Domain Names and New Generic Top-Level Domains, $18.00
To help businesses and trademark holders better understand the evolving domain name landscape, this paper provides an overview of the structure of the domain name system, the new gTLD program, and the mechanisms available to defend trademark rights.

Third Party Funding in International Arbitration, $90.00
Arbitration proceedings can be very complex and costly. How can you raise funds to cover those rising costs? The newest in the well-known Dossier series, Third Party Funding provides a complete picture of the challenges and opportunities of third party funding and the reactions it may arouse among international arbitration practitioners.

Drafting and Negotiating International Commercial Contracts, $150.00
Written by Fabio Bortolotti, a world-renowned expert on contract law, this completely updated guide provides insights into the basic requirements of a well-drafted contract. It is an invaluable tool for practitioners and students who wish to understand and prepare for the main issues they may face when dealing with international contracts.

Notes from the Field – Negotiating Around the World, $13.50
Business negotiations are increasingly taking place across borders. This publication gives guidance on preparing parties with diverse expectations and understanding of issues. It will help smooth negotiating processes and improve relationships between business partners.

For the complete list of eBooks available from our bookstore, please visit www.InternationalTradeBooks.org
or contact us at 212.703.5066.

 

Staff Contact: Hsin-Ya Hou

More from the USCIB International Bookstore

New Going Global Online Training Ethics and Compliance Seminar

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The International Chamber of Commerce’s online training program on trading internationally, Going Global, provides strategies to address the risks faced by trade professionals when dealing with international markets.

Upon completion of the 40 hours user-friendly modules, trainees will be conversant with trade documents, financing, commercial law and dispute resolution, e-commerce and intellectual property. Other key issues include transportation, customs, payment and finance structures. At the end of each trainee-controlled module, trainees can test their knowledge by completing an assessment, and will receive an ICC Certificate of Achievement detailing their personal results. Going Global is a must if you are going global.

 

4843_image004New Seminar on Ethics

For the first time, USCIB partner The World Academy is offering a seminar on Ethics and Compliance on November 19. This seminar will provide hands-on expertise in the field of corporate integrity that companies of all sizes will benefit from in order to build and implement corporate compliance programs.

Who should attend? Compliance Managers, HR Managers, and those responsible for the prevention of corruption and anti-competitive business practices. Attendees will earn 6.5 NEI NCBFAA Educational Institute CCS/CES Points. Register at least 3 weeks early and get up to $50.00 off!

ICC Ethics and Compliance Training Handbook

This anti-corruption guide by practitioners for practitioners sets out the challenges companies must overcome to build and put into action their corporate compliance programs. Providing hands-on expertise from distinguished practitioners in the field, this handbook offers practical guidance on performing risk assessment, installing a whistleblowing system, exercising due diligence when selecting agents or intermediaries, and conducting internal investigations.

Visit the USCIB International Bookstore to place your order.

 

Staff contact: Hsin-Ya Hou

BAFT preevent

From USCIB INTERNATIONAL BOOKSTORE

2014 BAFT Annual Conference on International Trade

Pre-Event Discount Offer

 

The USCIB Bookstore, specializing in the titles of International Chamber of Commerce, will be at 2014 BAFT Annual Conference on International Trade in Chicago on November 12-14.  Attendees can save 3 ways!

  1. Save on Shipping: Pre-order any title from our bookstore (10% discount applies) and pick up your order at the event.
  2. Purchase at the events and Save 10% on select titles:

        Pub No.

    Titles

         Retail Price

    Discount Price
    (10% Off)

        686

          Guide to Export/Import

        $75.00

         $67.50

        694

          Users’ Handbook for Documentary Credit under UCP 600

        $75.00

         $67.50

        736

          The Law of Letters of Credit in China

        $85.00

         $76.50

        745

          International Standard Banking Practice (ISBP)

         $35.00

         $31.50

        750

          Uniform Rules for Bank Payment Obligations (URBPO)

         $35.00

         $31.50

        751

          The ICC Guide to URBPO

         $90.00

         $81.00

        758

          ICC Uniform Rules for Demand Guarantees (URDG)

         $50.00

         $45.00

        800

          Uniform Rules for Forfaiting (URF 800)

         $35.00

         $31.50

        715

          Incoterms® 2010

         $60.00

         $54.00

        720

          ICC Guide to Incoterms® 2010

         $90.00

         $81.00

        741

          ICC Ethics and Compliance Training Handbook

         $90.00

         $81.00

        744

          Incoterms® 2010 Q&A

         $80.00

         $72.00

        754

          Using Franchising to Take Your Business International

         $95.00

         $85.50

  3. Take advantage of deep discounts on Uniform Customs and Practice on Documentary Credits (UCP 600) and related titles: Use this offer to re-stock your branch offices, or consider giving UCP as a gift to your valued customers.  The holidays are just around the corner!

  

For a complete list of banking titles or other USCIB Bookstore publications, visit

www.InternationalTradeBooks.org

Customer Service: Telephone 212-703-5066 or Email Bookstore@uscib.org