Letters of Credit in International Trade: A User's Guide
By John A. Novak and Catherine J. Petersen
If you've ever experienced the hassles of a letter of credit for your company's international trade efforts, you've probably heard of the UCP 600, formally known as the Uniform Customs and Practice for Documentary Credits. Bankers use this book as their bible for evaluating letters of credit, often citing it when they reject or require an amendment to your letter of credit before you can get paid or receive your goods.
This reference book provides you with the information you need to keep those amendments to a minimum. Not only does it include the full text of the UCP 600, it defines and explains the terms of the UCP 600 in layman's language. It includes do’s and don’ts, templates, and checklists that sellers and buyers should use when opening or accepting a letter of credit. There are also case studies and quizzes that students of letters of credit can use to expand their knowledge.
Updated: Version 2020.4
- Methods of Payment
- Letters of Credit
- Import Letters of Credit
- Export Letters of Credit
- Special Types of Letters of Credit and Trade Finance
- Uniform Customs and Practice for Documentary Credits, UCP 600 and International Standby Practies ISP98
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