ICC Guide to National Procedures for Recognition and Enforcement of Awards Under the New York Convention

Publication No. 733 Paperback, 2012 Edition Price : $135.00
Publication No. 733
Paperback, 2012 Edition
Price : $135.00

A Special Supplement to the ICC International Court of Arbitration Bulletin
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This latest bulletin is a practical resource for anyone considering enforcing an arbitral award in one or more countries.  It systematically sets out local rules of procedure, case law and court practices in many of the contracting states to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards.  Drafted by specialists in the field, this guide covers 79 countries and territories and takes account of recent legal developments including numerous citations to legislation and cases. 

USCIB International Bookstore
Tel: 212-703-5066
E-mail: Bookstore@uscib.org

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International Court of Arbitration Bulletin

Buy NowVolume 24, No. 1, 2013
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Publication No. Vol 24-1
Paperback, 2013 Edition
Price : $95.00

Most recent published volume of the ICC International Court of Arbitration Bulletin (Volume 24, Number 1-2013). This bulletin contains a special feature on arbitration decisions and awards related to Mergers and Acquisitions (M&A). ICC International Court of Arbitration Bulletin (Volume 24, Number 1-2013) also includes comprehensive collection of decisions and commentary invaluable to practitioners and scholars.

Other contents within this issue are:

  • 2012 Statistical Report on ICC Arbitration and ADR
  • An article discussing different cultural perspectives on representations and warranties.
  • Extracts from 16 ICC Arbitral Awards Relating to Mergers and Acquisitions

USCIB International Bookstore
Tel: 212-703-5066
E-mail: Bookstore@uscib.org
www.internationaltradebooks.org

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Now Available in USCIB International Bookstore: Uniform Rules for Bank Payment Obligations

4531_image002New York, N.Y., June 13, 2013Uniform Rules for Bank Payment Obligations (BPOs), a 21st-century standard in supply-chain finance that will facilitate international trade, is now available at the USCIB International Bookstore.

These new rules are set to revolutionize trade finance transactions. BPO is an irrevocable commitment made by one bank to another that payment will occur on a specified date after a specified event has taken place. It is an alternative instrument for trade settlement, designed to complement existing solutions, not to replace them.

The BPO provides the benefits of a letter of credit in an automated and secured environment, and enables banks to offer flexible risk mitigation and enhanced financing services to their corporate customers.

The rules were developed by the International Chamber of Commerce (ICC) Banking Commission, in partnership with the financial messaging provider SWIFT and take into account the expectations of all relevant industries and users. Reflecting consensus of the industry, the rules were unanimously adopted by the ICC Banking Commission in April.

“The importance of collaboration among the banking community is paramount today.” According to Michael Quinn, Co-Chair of the ICC URBPO Education Group, Chair of USCIB’s Banking Committee, and Managing Director of Global Trade at JP Morgan. Quinn went on to say, “we have case studies where banks are successfully using BPO in situations where there is high volume import, short shipment time periods and a need to provide liquidity to suppliers who are providing relatively low-cost retail consumer type goods.” Mr. Quinn also added, “this provides us with excellent examples of how BPO is being leveraged to facilitate trade without getting bogged down in the processing of documents.”

The speed of trade, the complexity of supply chains and the reliance on information and data today is overwhelming. Over the last 10 years banks and corporates have become focused on financing liquidity down supply chains to ensure products can get to customers. The financial crisis forced many companies to rethink their supply chain strategies and consider ways to ensure integrity down the chain while ensuring it remains liquid and appropriately protected. This, Quinn suggests, has led to a convergence of corporate needs for supply chain financing with banks’ need to support them in this and an ambition to reduce paper handling so that greater focus can be put on risk mitigation and financing.

The rules are set to go into effect on July 1. Order your copy today at USCIB International Bookstore.

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. More at www.uscib.org.

USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

Contact:
Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org

USCIB International Bookstore

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Uniform Rules for Bank Payment Obligations (URBPO)

Uniform Rules for Bank Payment Obligations (URBPO)
By ICC Banking Commission (ICC)
Order your copy now at our International Bookstore

The first ever set of standards on Bank Payment Obligations have just been drafted jointly by SWIFT and the ICC.  URBPO lays out rules for payment between banks, a sort of letters of credit between these banks which seeks to establish uniformity of practice in the world market.

BPO benefits include:

  • Mitigating risks in international trade for buyers and sellers alike
  • Speed, reliability, convenience
  • Reduced costs and improved accuracy
  • Enhanced risk management
  • Assurance of payment
  • Access to flexible financing
  • Securing the supply chain

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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ICC Publishes Latest Book in Best-Selling Series on Incoterms® Rules

4505_image002New York, N.Y., May 8, 2013 – The International Chamber of Commerce (ICC) has published its much-awaited Incoterms® 2010 Q&A : Questions and expert ICC guidance on the Incoterms® 2010 rules, the latest in a series of best-selling books helping readers understand and use the Incoterms® rules to their strategic advantage, according to the United States Council for International Business (USCIB), ICC’s American national committee.

This publication is now at the USCIB International Bookstore.

Comprising more than 80 new questions, Incoterms® 2010 Q&A offers expert guidance on choosing the correct Incoterms® 2010 rules, and thus avoiding costly mistakes arising from dangerous mismatches between the contract of sale and related documents, such as letters of credit and contracts of carriage.

This book includes real users’ questions on the Incoterms® 2010 rules with responses from world-renowned ICC experts. Included in this edition are questions and answers related to previous Incoterms rules contrasted against Incoterms® 2010. This publication contains comprehensive flowcharts and checklists to allow readers choose the correct Incoterms® 2010 rule and manage documents in a sale or purchase transaction, a glossary of commonly used trade terms, and the complete text of the Incoterms® 2010 rules.

“Since being published by ICC in 1936, the Incoterms® rules have become the gold standard worldwide for the interpretation of most commonly used terms in international trade,” said Emily O’Connor, executive secretary of the ICC Commission on Commercial Law and Practice. “This latest installment of the Incoterms® series, by the international body that drafts and maintains the Incoterms® rules, is an invaluable resource for everyone involved in cross-border transactions.”

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. More at www.uscib.org.

To facilitate International Trade USCIB offers three Trade Services: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

Contact:
Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org

USCIB International Bookstore

More on USCIB’s Trade Services

 

INCOTERMS® 2010 Q&A

INCOTERMS® 2010 Q&A
Questions and expert ICC guidance on the Incoterms® 2010 rules
Edited by Emily O’Connor
Order your copy now at our International Bookstore

The latest in a series of best-selling books, INCOTERM® 2010 Q&A. This publication brings together expert guidance and practical tools to enable readers to use the Incoterms® rules to their strategic advantage. Helping users understand and benefit from ICC’s world-famous Incoterms® rules.

Containing answers to more than 80 real-life questions on Incoterms® rules posed by users, this publication will help readers to better understand Incoterms® rules, avoid costly mistakes and use the rules in the most efficient way.  Also, this publication includes additional materials and helpful guidance such as:

  • Frequently-asked general questions on the Incoterms® 2010 rules
  • Guidance Notes for each of the 11 Incoterms® 2010 rules
  • A comprehensive glossary of commonly-used trade terms
  • Flowcharts and checklists to help readers manage the relevant documents related to a sale or purchase

 

A practical “one-stop shop” for traders and those who advise them, Incoterms® 2010 Q&A can help avoid mistakes arising from dangerous inconsistencies between the contract of sale and related documents, such as letters of credit and contracts of carriage.

The Law of Letters of Credit in China

New Guide to Letter of Credit Law in China

4488_image001New York, N.Y., April 18, 2013 – A new publication from the International Chamber of Commerce (ICC) offers immense help to anyone doing export/import business in China using letters of credit (LC), according to the United States Council for International Business (USCIB), ICC’s American national committee.

The Law of Letters of Credit in China, now available for purchase from the USCIB International Bookstore, provides detailed commentary, in-depth explanations and critical analyses that help shed light on how Chinese LC disputes are resolved and the judicial interpretations that define China’s LC system, based on over 500 court case decisions.

“Although China has not yet enacted any LC law, over the past 20 years, the Supreme People’s Court has promulgated a series of judicial interpretations, provisions and meeting minutes that combine to form the legal authority on LCs in China,” said Li Jian, general counsel of the Export-Import Bank of China. “The present work is an indispensible guide for law, trade and banking professionals trying to understand and apply these judicial interpretations.”

The publication’s author, Jin Saibo, who was involved in the eight-year drafting process of The Supreme People’s Court of China’s LC Judicial Interpretations, has structured the book to cover such critical issues as:

  • Conformity of China’s LC system with international practices, i.e., International Standard Banking Practice
  • Consolidation of disputes concerning LCs and underlying practices
  • Statutory limitations of action
  • Recovery for damages
  • Reasonable legal fees

The Law of Letters of Credit in China is available in English only.

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.

USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

Contact:

Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org

More on USCIB’s Banking and Trade Finance Committee

More on USCIB’s China Committee

More on USCIB’s Trade Services

ICC Guide to Incoterms 2010

ICC Guide to Incoterms® 2010
By Prof. Jan Ramberg

ICC Guide to Incoterms® 2010 analyzes in detail each of the 11 Incoterms® rules. Diagrams and illustrations facilitate their understanding. This Guide explains the history of these ground-breaking international commercial terms. This is an invaluable companion for everyone involved in cross border transactions, and it shows how the Incoterms® rules work in conjunction with other contracts and answers questions such as:

  • What are Incoterms® rules and what can they do for me?
  • How do I reference Incoterms® 2010 in a contract of sale, insurance or payment?
  • What are the main differences between Incoterms® 2000 and Incoterms® 2010?

International business people should have this book handy for a deeper understanding of ICC’s globally used trade terms. ICC’s Incoterms­® rules have been revised to take account of the latest changes in contemporary commercial practice. An understanding of the modifications to the 2000 edition is essential to ensuring that Incoterms® 2010 are applied in the most efficient way worldwide.

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ICC Guide to Incoterms 2010

ICC Publication No. 720
Paperback, 2010 Edition
Approximately 180 pages
Price: $90.00
ISBN 978-92-842-0082-5

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