Presents a systematic study of the law of bankers' commercial credits.Bringing together materials which are to be found scattered throughout the various series of English law reports, this title presents a systematic study of the law relating to commercial credits as applied today. It also contains a detailed exposition of the ICC's Uniform Customs and Practice for Documentary Credits.
Contents* Provides information on the mechanism, operation and types of credits
* Analyses in detail the contractual relationships arising out of issue of credits; the law and practice in relation to transfer of credits; jurisdiction and conflict of laws, etc.
* Details the ICC's Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits and the ICC's International Standby Practices, ISP98
* Assesses the impact of the Rome Convention and the Brussels and Lugano Conventions in relation to applicable law and jurisdiction.A concise statement of those rules of law which are peculiar to bankers' commercial credits. It presents a systematic study of the law including material on the mechanism and operation, types of credit, the legal aspects, and bankers' security
'This is an important and authoritative contribution ... A study of this book will amply repay all who are interested in the subject, whether from a legal, banking, or academic point of view.' - Journal of the Institute of Bankers
'It is an admirable and authoritative contribution to the field of the law and banking practice on which there is all to little of the printed word available and it is commended to those who would enlarge their knowledge of this field' - The Banker's Magazine
'In short, trade finance practitioners will welcome this new edl#