Standby LCs


How Translation of ISP98 Transformed Standby LC Practice in Japan
The transition from UCP to ISP that revolutionized trade in Japan.
An Embedded Thorny Clause to Clear Payment of Standby
Issuing bank received a timely demand that complied with the standby. However, on the beneficiary’s cover letter, the payment instruction request to remit payment to their account with a different bank than what is stated on the certification.
Temporary Injunction against LC Beneficiary in Credit Agricole Case Vacated on Appeal
Strabag, SpA v. Credit Agricole CIB case appeal

Electronic Presentation of Documents? It’s Already Happening
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...