ISBP, Non-bank letters of credit and e-UCP: a commentary

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Bergami, Roberto (2007) ISBP, Non-bank letters of credit and e-UCP: a commentary. Vindobona Journal of International Commercial Law and Arbitration, 11 (2). pp. 147-158. ISSN 1439-9741

Abstract

Letters of Credit (LC), described as the ‘life blood of international commerce' are subject to a revised set of rules, the Uniform Customs and Practice for Documentary Credits 2007 revision (UCP 600) issued by the International Chamber of Commerce (ICC), effective from 1 July 2007. LC account for an estimated USD 1 trillion of global trade annually. LC can be an effective tool in managing risks.

Item type Article
URI https://vuir.vu.edu.au/id/eprint/3180
Subjects Historical > FOR Classification > 1402 Applied Economics
Historical > Faculty/School/Research Centre/Department > School of Economics and Finance
Historical > SEO Classification > 9103 International Trade
Keywords ResPubID13435, Letters of Credit (LC), Uniform Customs and Practice for Documentary Credits 2007 revision (UCP 600) global trade, risk management
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