Standby and Commercial Letters of Credit, Third Edition alerts you to current developments and discusses the recent UCP600, former UCP500, ISP98, UCC Article 5, and current trade practices and problems. The authors review letter of credit law and practices, helping to resolve concerns of applicants, beneficiaries, and issuers.

This essential resource includes:

Sample forms and clauses, procedures and checklists

Current court cases and extensive Table of Cases

What can happen to letters of credit in bankruptcy and insolvency proceedings

Fraud and injunction nightmares

Cross-reference table UCP600 and UCP500

Strategies for bank reimbursement agreements

Standby and Commercial Letters of Credit, Third Edition gives you immediate guidance when you need it most. And it supplies real-world letters of credit situations, with analyses of what was done right and wrong.