Description
Showing how to use the letter of credit to your clients’ advantage, this text includes explanations of commercial and standby letters of credit, and surety bonds. The controlling law is presented, with most current versions of UCC Article 5 and Uniform Customs and Practice for Documentary. Case law discussions illustrate the courts’ interpretation of the UCC and UCP as they relate to letters of credit. Examples illustrate the relationships between parties in a transaction, and line-by-line analysis is made of credit application forms. Included in the subsciption price is a 110-page softcover book, which provides the author’s analysis of Revised Article 5, and introductory chapter highlighting changes in the law, tables comparing the old law to the new, and cross-references to the main treatise. The price quoted for the work covers one year’s worth of service (two updates).
