An Introduction To Documentary Credits: A Comprehensive Guide To Letters Of Credit And Ucp 500

An Introduction to Documentary Credits is a complete treatise on Letters of Credit (LC) and ICC Uniform Customs and Practice for Documentary Credits (UCP 500). The articles of UCP 500 have been analysed in-depth in this book. All related issues have been discussed in a very lucid manner, primarily from their practical standpoint. Complex issues regarding LC operations have been explained in a very simple language. Certain topics – rarely discussed in detail earlier – have now been presented from a unique perspective that would be of great interest to the reader. The book provides a rich source of information, helpful hints and practical guidelines for everyone dealing with documentary credits. Bankers, importers, exporters, executives with international trading houses should find critical and valuable suggestions to help them in their operations. This book should also be useful to instructors, trainers, faculty members and those appearing for examinations or interviews. Further, the UCP 500 being applicable to inland letters of credit, this book would be of great value to all those involved with LCs in the course of inland trade transactions.