The International Standby Practices, a set of rules specific for Standby Letters of Credit with Version No. 98 implemented on 01st January 1999….

…and their respective banks closing a transaction are open for business on the day that an act is to be performed in accordance with the rules applicable to such act….

…on the same obligation. Similar in some ways to a letter of credit but there is no presentation of documents only data. Governed by the Uniform Rules for Bank Payment…

Uniform Rules for Collections. A code of practice for banks governing collections, drawn up by the International Chamber of Commerce and observed by most trading nations.

A set of Rules outlining the buyers and sellers responsibilities under domestic and international commercial contracts for the sale of goods. The rules are split in 2 groups Group 1…

…to the exporter in return for documents giving title to the goods. Collections are governed by the Uniform Rules for Collections published by the ICC Uniform Rules for Collection (URC522)….

The Uniform Rules for Forfaiting (ICC Publication No. 800). A set of rules published by the ICC and developed with the IFA. The URF covers both primary and secondary markets…

Uniform Rules for Forfaiting (‘URF 800’) are rules that apply to a forfaiting transaction when the parties expressly indicate that their agreement is subject to these rules. Such rules were…

The Uniform Rules for Demand Guarantees, ICC Publication Latest Version is No. 458.

The ICC Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (DC) or also known as Letters of Credit (L/C). Latest Version is No. 725.

…by the UCP or by the International Standby Practices (ISP 98) a set of rules also published by the ICC and designed for use in Standby Letters of Credit only….

Sean Edwards – Chairman

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