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eBook - International Standard Banking Practice (ISBP)

Price: $25.00
Item No.: 681 eBook
ISBN: 978-92-842-0019-1
 
THIS IS AN eBOOK.  AFTER COMPLETING THE ORDER PROCESS, AN EMAIL WITH DOWNLOAD INSTRUCTIONS WILL BE SENT TO YOU. 
Thank you!

International Standard Banking Practice (ISBP)
For the Examination of Documents under Documentary Credits
 
Pub No. 681 eBook
2007 Edition
84 pages
 
 
This Publication, an update of the successful ICC publication 645, reflects international standard banking practice for all parties to a documentary credit under UCP 600.

Figures show that more than 50% of credits are rejected for discrepancies on first presentation.  The new ISBP, by encouraging a uniformity of practice worldwide, should reduce that figure dramatically and, by doing so, facilitate the flow of world trade.

The 2003 publication International Standard Banking Practice (ISBP) for the examination of documents under documentary credits (ICC Publication 645) was widely acclaimed by practitioners as an essential companion to UCP 500.  This revised version of the ISBP brings it into line with UCP 600. 

ISBP was conceived as an intelligent checklist of procedures for document checkers to follow in examining the documents presented under letters of credit.  While not a substitute for the UCP, which remains the guiding text, the ISBP demonstrates how the UCP is to be integrated into day-to-day practice.

In this volume, users will find guidance on how to deal with documents covering at least two different modes of transport (UCP 600 article 19): insurance documents and coverage (UCP600 article 28): transferable credits (UCP600 article 38) and a broad range of other issues covered in the new documentary credit rules.  
 
 
Table of Contents
 
Foreword

Introduction

Preliminary Considerations
    
The Application and Issuance of the Credit

General Principles
     Abbreviations
     Certifications and Declarations
     Corrections and Alterations
     Dates
     Documents for which the UCP 600 Transport Articles Do Not Apply
     Expressions Not Defined in UCP 600
     Issuer of Documents
     Language
     Mathematical Calculations
     Misspellings or Typing Errors
     Multiple Pages and Attachments or Riders
     Originals and Copies
     Shipping Marks
     Signatures
     Title of Documents and Combined Documents

Drafts and Calculation of Maturity Date
     Tenor
     Maturity Date
     Banking Days, Grace Days, Delays in Remittance
     Endorsement
     Amounts
     How the Draft is Drawn
     Drafts on the Applicant
     Corrections and Alterations

Invoices
     Definition of Invoice
     Description of the Goods, Services or Performance and other General Issues 
          Related to Invoices

Transport Document Covering at Least Two Different Modes of Transport
     Application of UCP 600 Article 19
     Full Set of Originals
     Signing of Multimodal Transport Documents
    
On Board Notations
     Place of Taking in Charge, Dispatch, Loading on Board and Destination
     Consignee, Order Party, Shipper and Endorsement, Notify Party
     Transhipment and Partial Shipment
     Clean Multimodal Transport Documents
     Goods Description
     Corrections and Alterations
     Freight and Additional Costs
     Goods Covered by more than One Multimodal Transport Document

Bill of Lading
     Application of UCP 600 Article 20
     Full Set of Originals
     Signing of Bills of Lading
     On Board Notations
     Ports of Loading and Ports of Discharge
     Consignee, Order Party, Shipper and Endorsement, Notify Party
     Transhipment and Partial Shipment
     Clean Bills of Lading
     Goods Description
     Corrections and Alterations
     Freight and Additional Costs
     Goods Covered by more than One Bills of Lading

Charter Party Bill of Lading
     Application of UCP 600 Article 22
     Full Set of Originals
     Signing of Charter Party Bills of Lading
     On Board Notations
     Ports of Loading and Ports of Discharge
     Consignee, Order Party, Shipper and Endorsement, Notify Party
     Partial Shipment
     Clean Charter Party Bills of Lading
     Goods Description
     Corrections and Alterations
     Freight and Additional Costs

Air Transport Document
     Application of UCP 600 Article 23
     Original Air Transport Document
     Signing of Air Transport Documents
     Good Accepted for Carriage, Date of Shipment, and Requirement for an Actual
          Date of Dispatch
     Airports of Departure and Destination
     Consignee, Order Party and Notify Party
     Transhipment and Partial Shipment
     Clean Air Transport Documents
     Goods Description
     Corrections and Alterations
     Freight and Additional Costs 

Road, Rail or Inland Waterway Transport Documents
     Application of UCP 600 Article 24
     Original and Duplicate of Road, Rail or Inland Waterway Transport Documents
     Carrier and Signing of Road, Rail or Inland Waterway Transport Documents
     Order Party and Notify Party
     Partial Shipment
     Goods Description
     Corrections and Alterations
     Freight and Additional Costs

Insurance Document and Coverage
     Application of UCP 600 Article 28
     Issuers of Insurance Documents
     Risks to Be Covered
     Dates
     Percentage and Amount
     Insured Party and Endorsement

Certificates of Origin
     Basic Requirement
     Issuers of Certificates of Origin
     Contents of Certificates of Origin

Afterword

Appendix
     The Determination of an "Original" Document in the Context of UCP 500 sub- 
          Article 20 (b)

ICC at a Glance

Some ICC Specialized Divisions

Source Products for Global Business

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