This revised edition of Michael Rowe’s best-selling Letters of Credit devotes greater attention to developing techniques such as the uses of standby letters of credit and includes 6 detailed case studies, illustrating issues such as how major banks organise their documentary credits business. Over 34 chapters the book examines all the key considerations including documentation, negotiable instruments, insurance, the ICC’s latest Uniform Customs and Practice, the recent innovative rules for interbank reimbursements, standby letters of credit, fraud, documentary collections and electronic payments. Essential for all banks involved in international operations, specialist insurers and all those involved in international trade and payments issues. (311 pages)
Letters of Credit, 2nd Edition will help you to...
Understand the principles of credit transactions to help you ensure transactions go smoothly;
Gain a greater insight into the commercial and operational aspect of letters of credit from case studies showing how major banks organise their documentary credits business;
Understand the relevance to credit practice of the ICC’s latest Uniform Customs and Practice and the recent innovative rules for interbank reimbursements;
Learn about the regulatory frameworks and the techniques for fighting fraud;
Learn about the possible credit of planned developments in electronic trade payments and improved communications.
