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Author : John A. Novak,Catherine J. Petersen
Publisher : Unknown
Page : 349 pages
File Size : 50,6 Mb
Release : 2021
Category : Electronic
ISBN : 1891249754
Author : Nisha S Koshal
Publisher : Notion Press
Page : 160 pages
File Size : 55,8 Mb
Release : 2017-06-15
Category : Business & Economics
ISBN : 9781946822086
The book elucidates the importance of a letter of credit in matters of trade finance. A letter of credit is an instrument that is used worldwide to facilitate the flow of trade finance. This book is ideal for beginners who are interested in the subject but do not possess a clear understanding of the basics of the letter of credit or adequate technical knowledge. It may also benefit bankers and students of international trade finance. It will help them build a strong foundation to help understand how to tackle difficult day to day transactions. The book explains the UCP 600 guidelines that govern letters of credit and the roles of the issuing bank, beneficiary, advising bank, nominated bank, confirming bank, applicant and so on. This book is not exhaustive as letter of credit is a vast subject and every single transaction carried out is unique. The book has been written keeping in mind the difficulties I faced while working at a bank and the experiences I have gained thus far, on my journey as a trade finance professional.
Author : Tarsem Bhogal,Arun Trivedi
Publisher : Springer Nature
Page : 371 pages
File Size : 45,6 Mb
Release : 2019-10-02
Category : Business & Economics
ISBN : 9783030245405
The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in trade finance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.
Author : Matti Kurkela
Publisher : Unknown
Page : 0 pages
File Size : 49,6 Mb
Release : 2008
Category : Law
ISBN : 0195323165
Letters of credit and bank guarantees are the most important financial instruments in international exchange. Matti S. Kurkela, a leading expert in the field, presents an advanced, extensive study and guide to letters of credit. The author analyzes the material rules and principles applicable to them; conflict of laws as well as law merchant applied regardless of place of operation or nationality of the parties involved. Letters of Credit and Bank Guarantees under International Trade Law is the only true guide whose focus is on international law and choice of applicable law, with comparisons of the UCP, the UCC and selected national laws. Bank attorneys, international bankers, commercial bankers, international trade and finance attorneys in law firms, in-house counsel, financial institutions, and academia will find this a clearly written, invaluable guide to the latest rules, case law and practice relating to these financial instruments. The new, expanded Second Edition includes: - Analysis and comparison of commercial and standby credits, bank guarantees and bonds in use in international exchange - Introduction to the various sets of rules in use in international operations and banking - Changes made to the UCC Article 5 and UCP 600 - New development and landmark decisions and case law since the publishing of the first edition - Guidance to and analysis of inter bank relationship, indemnity agreements and reference to sample documentation, and numerous sample clauses - Reference to statutory laws of lcs in various countries
Author : Thomas H. Ward
Publisher : Xlibris Corporation
Page : 108 pages
File Size : 51,7 Mb
Release : 2009-01-23
Category : Business & Economics
ISBN : 146281851X
I classify international banking and international shipping together because for a international business that buys and resells materials, the two are interrelated. It is necessary to have a bank and a freight agent that has a lot of experience in international business. Do not use a small local bank as they cannot meet your need when it comes to doing business outside the United States.
Author : Kheng Chuan Goh
Publisher : Unknown
Page : 149 pages
File Size : 46,5 Mb
Release : 1995
Category : Bills of lading
ISBN : 9810071876
Author : Rupnarayan Bose
Publisher : Notion Press
Page : 479 pages
File Size : 51,8 Mb
Release : 2020-05-09
Category : Business & Economics
ISBN : 9781648508776
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more. It is extensively researched, delving deep into the subject of international trade, presenting current issues and solutions related to LCs that the reader may not otherwise come across easily. A gold mine of information on payment risk management, it’s the last word on documentary credits. “This book is a great read for knowledge and practical information on letters of credit. It succinctly takes the reader through the concepts of risk management, explains the fundamentals of global trade finance issues, the dilemmas plaguing international sellers and buyers, and standardised ways for the buyer and the seller to secure goods and make payments, respectively. This is a must-read book for academicians, exporters, importers and bankers looking for complete, authentic information on international trade finance and global business.” - Dr. Deepankar Sinha, Professor; Head - Research Division, Kolkata Campus; Programme Director - Centre for Trade and Logistics (CFTL), Kolkata Campus, Indian Institute of Foreign Trade (IIFT)
Author : Edward G. Hinkelman
Publisher : World Trade Press
Page : 196 pages
File Size : 44,5 Mb
Release : 2003
Category : Business & Economics
ISBN : 188507364X
A Short Course in International Payments describes how to use letters of credit and documentary collections, how to grant and obtain credit, and how to use cyberpayments in international trade. The book also has an excellent section on trade documentation.
Author : Goh Kheng Chuan
Publisher : Unknown
Page : 163 pages
File Size : 53,5 Mb
Release : 2008
Category : Documentary credit
ISBN : 9810810334
Author : Ramandeep Kaur Chhina
Publisher : Kluwer Law International B.V.
Page : 256 pages
File Size : 42,9 Mb
Release : 2012-12-01
Category : Law
ISBN : 9789041146243
The question of what constitutes ‘fraud in the transaction’ with respect to international letters of credit varies considerably among jurisdictions. In proving allegations of fraud, it is crucial for the practitioner to know the relevant jurisdiction’s case law, especially if wider defences such as inducement, unconscionable conduct or bad faith must be invoked. In this book, the author argues that, whereas ‘fraud in the documents’ is generally sufficient in cases involving commercial letters of credit, standby letters of credit demand a wider fraud exception. The central issue – how wide that fraud exception should be – is what this book explores in depth.This author compares and critically examines the application of the fraud exception in four major trade jurisdictions – the United States, England, Canada, and Australia. With an overall focus on how each jurisdiction’s fraud tests treat the autonomy of standby letters of credit, she builds her arguments on such relevant sources and concepts as the following: when it can be shown that the beneficiary has ‘no bona fide belief’ in the validity of its claim demand guarantees; international initiatives (ICC Rules and the UN Convention on Independent Guarantee and Standby Letters of Credit); the Sztejn Rule; parameters of the ‘fraud in the transaction’ defence ‘materiality’ standard; prerequisites for injunctive relief; arguing ‘fraud in the formation of the contract’; performance bond cases; applying the ‘breach of good faith’ defence; ‘negative stipulation’ in the underlying contract; and equitable versus statutory/broader notion of unconscionability. The presentation includes detailed summaries and analyses of leading cases in all four jurisdictions. Lawyers and corporate counsel responsible for arguing claims or defences in letter of credit transactions will welcome the way the author's research and insight define the range of options in each case they handle. Academics also will appreciate the systematic way the book frames a complex area of international trade law.
Author : Michael Rowe
Publisher : Euromoney Publications
Page : 311 pages
File Size : 55,6 Mb
Release : 1997
Category : Electronic
ISBN : 1855645793
This revised second edition of Letters of Credit is useful reading for anyone concerned with aspects of international trade and finance. It considers the underlying contract of sale, the relevant transport and insurance documents, and other documents which may be tendered to a bank.
Author : RUPNARAYAN BOSE
Publisher : Notion Press
Page : 184 pages
File Size : 45,8 Mb
Release : 2021-04-21
Category : Business & Economics
ISBN : 9781638508670
If you think that the rules of the International Chamber of Commerce (ICC), Paris on trade finance and documentary credits have no surprises left for you, then read this book very carefully from cover to cover. Whether you are a trade finance veteran or a recent entrant, the articles in this book will provide you with a few unconventional and unusual perspectives about the UCP and the ISBP rules. The book discusses selected provisions of UCP 600, and also raises several pertinent questions. For example, does the SWIFT MT700 really provide for an expiry date? Is article 15 necessary? Why shouldn’t UCP sub-article 16(f) apply to a nominated bank? Did you know that UCP article 10 on amendments has a huge logical error? Why are some critical rules missing in the UCP (they are only in the ISBP)? Are you aware that sub-articles 14(g), and 14(h) on non-documentary conditions, are both incorrectly structured? Which ICC ‘rules’ apply if a presentation contains only copies of transport documents? Must a B/L or a MMTD show a date of issue? What is ‘negotiation’? Why is the place where a credit is available of critical importance to an exporter/beneficiary? Go ahead and read the book. It will provide you with plenty of food for thought, a deeper understanding of the rules of trade finance, and value for money.
Author : Richard E. Baldwin
Publisher : CEPR
Page : 246 pages
File Size : 40,9 Mb
Release : 2009
Category : Commercial policy
ISBN : 9781907142062
Author : Matti Kurkela
Publisher : Unknown
Page : 552 pages
File Size : 41,9 Mb
Release : 1985
Category : Business & Economics
ISBN : UIUC:30112021581431
Author : International Trade Centre
Publisher : United Nations
Page : 392 pages
File Size : 46,6 Mb
Release : 2004-04-30
Category : Political Science
ISBN : 9789213618202
This study introduces the basics of financing and security mechanisms in international trade and describes the methods of maximizing the benefits and neutralizing the risks involved. It examines issues such as the law and practice of international payments, financing and re-financing of mid and long term receivables, and securing the repayment of credits. It also discusses dispute resolution, international institutions related to trade finance and various model contractual provisions. A glossary is included.
