INTERNATIONAL BANKING - ICC India

About this title: 

For More Information contact : 

ICC India 

Tel : +91 11 23322472, 23738760-70 Extn : 375 

Email : iccindia@iccindiaonline.org 

INTERNATIONAL BANKING 

All you need to succeed in international markets! 

The ICC Guide to Export-Import is an easy-to-understand introduction to international trade 

and at the same time a detailed handbook for the experienced practitioner. Completely 

updated, the fourth edition of this much acclaimed volume contains an extended analysis of 

new rules, such as ICC’s Incoterms® 2010, URDG and others and crucial topics like online 

documentation and e-commerce, customs and intellectual property. 

Essential tools for your daily work 

ICC Guide to Export-Import 

Global Standards for International Trade 

Guillermo C. Jimenez 

ICC Publication No. 686 , 2012 Edition 

Price : 5200 (paper) 

International trade is one of the primary engines of increasing global prosperity. But, crossborder 

trade, as opposed to domestic trade, involves additional risks and challenges. 

Therefore, it is vital that traders worldwide have the tools helping them to more effectively 

do their jobs. Developed in consultation with top experts at the International Chamber of 

Commerce (ICC), the Guide to Export Import covers in detail everything you need to know 

about global trade and related risks, e.g.:

- Essential tools helping you to more effectively do your job: 

• The new Incoterms® 2010 rules 

• International model contracts and clauses and other trade related documents 

• Tips and tricks for negotiating international contracts 

- An introduction to trade finance: 

• Letters of credit and UCP600 

• Guarantees 

• And more 

- The risks and challenges of international trade: 

• Transport risks 

• Legal risks 

• Risks of non-payment 

• Exchange rate fluctuations 

• Insurance 

- The legal framework and dispute resolution: 

• International agreements 

• Litigation 

• Arbitration 

- And more 

The ICC Guide to Export-Import provides a concise learning and reference tool for 

trade professionals as well as students, a must have for everyone involved in 

international business. 

About the author: A graduate of Harvard University (B.A.) and the University of California- 

Berkeley (J.D.), Guillermo C. Jimenez has got more than 30 years’ experience in 

international business, law and policy. As Head of Division at ICC’s Paris Headquarters from 

1990 to 1998, he coordinated work on key ICC instruments and trade tools and has lectured 

on international business in over 35 countries and before a number of intergovernmental 

organizations, including the United Nations, European Commission and Organization for 

Economic Cooperation and Development. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 

Email : iccindia@iccindiaonline.org


2012 Annual Review of intl. Banking Law & Practice covers all reported letter of credit and 

independent guarantee court decisions from around the world of the past year. Again available 

in electronic format, this edition allows users to easily search key terms. This unique all in one 

reference tool tracks industry activity impacting ICC rules (UCP600, URDG758, ISP98), and other 

incidents influencing international banking. 

This practical, fully searchable on pendrive includes: 

• LC and Guarantee Case Summaries 

• Articles 11 Practice Reports (by ICC, BAFT-IFSA, USCIB and others) 

• Government Actions 

This volume is a handy must-have for anyone working in trade finance offering 

information about all latest developments in the field. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


2012 Annual Review of International Banking 

Law & Practice 

Institute of International Banking Law and Practice 

ICC Publication No. 974, 2012 Edition 

Price : 9000 (English Software)


With its clear and comprehensive commentary on the rules and the 

accompanying model forms, this Guide to ICC URDG 758 provides the key to a 

successful guarantee practice in all sectors and jurisdictions. URDG 758 came 

into effect on 1 July 2010 and was officially endorsed by the UN Commission 

on International Trade Law (UNCITRAL) at its 44th annual session in Vienna in 

July 2011. 

The authors have put the essence of their experience in researching, practising and teaching 

the law and practice of demand guarantees over a period of twenty years into this work. They 

also give deeper insight into the revision process leading to URDG 758, revealing the 

background of each policy choice and drafting decision they took while drafting the rules. Case 

studies throughout the Guide support and enliven the comprehensive analytical commentary 

on the rules. 

This Guide debunks the many myths about international guarantee practice and identifies 

pitfalls to avoid. Further, it tracks in detail the seven key stages of a URDG guarantee's lifecycle: 

- Drafting 

- Issuance 

- Changing of terms 

- Making a presentation 

- Examining the presentation 

- Making payment 

- Termination of the guarantee and counter-guarantee. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Guide to ICC Uniform Rules for Demand 

Guarantees 

URDG 758 

Dr. Georges Affaki, Sir Roy Goode 


Price : Rs 10500 (Paper) 

Rs 9500 (Ebook)


The ICC Uniform Rules for Demand Guarantees (URDG) reflect international standard practice in 

the use of demand guarantees and balance the legitimate interests of all parties. 

Since their first adoption in 1991, ICC's URDG have gained international 

acceptance and official recognition by bankers, traders, industry associations 

and international organizations including UNCITRAL, FIDIC and the World 

Bank. The current edition, URDG 758, was officially endorsed by the UN 

Commission on International Trade Law (UNCITRAL) at its 44th annual session 

in Vienna from 27 June – 8 July 2011. 

More than an update of the existing rules, the revised URDG 758 are a new set of rules for the 

twenty-first century that came into effect on 1 July 2010. URDG 758 contain significant changes 

practitioners will need to know, including: 

• New definitions and interpretation rules for greater clarity and precision; 

• The treatment of non-documentary conditions, incomplete presentations, and many 

other contentious practices; 

• A comprehensive coverage of advice of guarantees, amendments, electronic 

documents, transfers and more; 

• A provision on force majeure that triggers an extension of a guarantee for thirty 

calendar days; 

• The replacement of “reasonable time” with fixed periods for the examination of 

demands, the extension of guarantees and the suspension of payments; 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Uniform Rules for Demand Guarantees 

(URDG) 

Including Model Forms 



Rs 2100 (Ebook)


A must for practitioners who need to stay up-to-date with daily practice in letters of credit, 

collections and guarantees. 

“Sellers, forwarders, and banks need to know what a reasonable document checker will do with 

the seller’s documents. The ICC Banking Commission has many of the answers, and now they 

are available in one place – ICC Banking Commission Opinions 2005-2008. This is a valuable 

book for sellers concerned about shipping during a recession with falling markets.” -- John F. 

Dolan, author of The Law of Letters of Credit. 

UCP 600, ICC's newly revised rules on documentary credits gave rise to queries from banks, 

lawyers and shippers worldwide, and this latest Opinions book, provides precise answers to the 

key questions raised. The 79 Opinions in this book include the first Opinions rendered on UCP 

600, ICC’s universally used rules on documentary credits, which came into effect on 1 July 2007. 

This important volume also contains Opinions on ISBP 681, the revised version of the widely 

acclaimed International Standard Banking Practice for the Examination of Documents under 

Documentary Credits, as well as the final Opinions on UCP 500, and recent Opinions on the 

Uniform Rules for Collections (URC) and the Uniform Rules for Demand Guarantees (URDG 

458). 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Banking Commission Opinions 

2005 - 2008 


Price : Rs 5800 (Ebook)


DOCDEX was established by the International Chamber of Commerce in 1997 as a rapid dispute 

resolution system using panels of ICC experts to render decisions on disputes involving letters 

of credit. DOCDEX Decisions, normally rendered within 30 60 days, often allow the disputing 

parties to avoid lengthy and costly court proceedings. The DOCDEX system was later expanded 

to cover ICC rules on collections and demand guarantees as well. 

Edited by Gary Collyer and Ron Katz, the Decisions in this volume, which cover the years from 

2005 2008, were issued during the final years of UCP 500, ICC’s universally used rules on 

documentary credits. In these pages, the readers will also find Decisions on UCP 600, the latest 

revision of the letter of credit rules, International Standard Banking Practice (ISBP 645 and 681) 

URC 522 (the ICC Uniform Rules for Collections) and URDG 458 (the Uniform Rules for Demand 

Guarantees). 

The Decisions in this book cover a broad range of issues: 

• typing errors and whether they constitute a discrepancy; 

• amendments in standby credits; 

• the application of paragraphs in the ISBP; 

• the expiry date on a transferred letter of credit 

"In the 11 years since the rules came into effect, DOCDEX has proved its value as an efficient 

and cost-effective dispute resolution system, which allows the parties to have their case 

considered by experts having long experience with ICC rules and to receive a Decision within a 

reasonable period of 30–60 days. Practitioners involved in disputes concerning these ICC rules 

would do well to look to DOCDEX as a practical means of settling them." from the Foreword by 

ary Collyer, Senior Technical Adviser to the ICC Commission on Banking Technique and Practice 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Collected DOCDEX Decisions 2004–2008 

Decisions by ICC Experts on Documentary Credits, 

Collections and Demand Guarantees 

edited by Gary Collyer and Ron Katz 




Edited by Ron Katz, DCInsight is the most respected magazine in the field of documentary 

credits. Insights into UCP 600 contains almost 70 articles on UCP 600 written for the magazine 

DCInsight during the five years from 2003 to 2008: 39 articles written prior to the adoption and 

30 articles after the adoption of UCP 600. These expert commentaries follow the debate on the 

main issues in the new UCP from its inception through its final implementation in 2007. 

Covering topics including negotiation, documents lost in transit, discounting deferred payment 

obligations, “reasonable time” and “without delay”, these articles constitute an invaluable 

record of the history of the new UCP for practitioners and laypersons alike. Some of the 

distinguished authors include: John Dolan, Donald R. Smith, King-Tak Fung, Jim Barnes, 

Laurence A.J. Bacon, Gary Collyer, Frank Reynolds, Reinhard Längerich, Roger Graham, Mark 

Ford. They knowledge and expertise will enhance the understanding of UCP 600 for all users 

and students of documentary credits. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Insights into UCP 600 

Collected Articles from DCI 

2003 to 2008 

Edited by Ron Katz 



Rs 5100 (Ebook)


Users’ Handbook for Documentary Credits under UCP 600 is designed to serve as an 

introduction to users of documentary credits, that is, to sellers and buyers who seek to increase 

their access to cross-border markets. It strives to demonstrate the way commercial parties and 

bankers have used this remarkable commercial device, the documentary credit, to achieve their 

objectives. 

Users’ Handbook is divided into five parts: 

• Part One is a brief discussion of international sales and transport. 

• Part Two explains the banking industry’s crucial role in documentary credit transactions 

and illustrates many of the transactions in which commercial parties utilize the 

documentary credit. 

• Part Three explains the way documents control the payment function of the 

documentary credit. 

• Part Four introduces the all-important feature of the documentary credit – the ways it 

opens financing options to sellers, which can then extend credit to buyers. 

• Part Five introduces the standby credit and illustrates its role in cross-border 

transactions. 

Users' Handbook also contains a handy glossary of international trade terms for easy reference. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Users’ Handbook for Documentary Credits 

under UCP 600 

John F. Dolan and Walter (Buddy) Baker 



Rs 5100 (Ebook)


"The early “Regulation” issued by the New York Bankers affecting export commercial letters of 

credit and early UCP versions […] shed light on the meaning of current UCP articles. They also 

demonstrate a consistent approach in UCP drafting of fashioning rules that make letters of 

credit payment mechanisms." John F. Dolan, Distinguished Professor at Wayne State University 

Law School. 

The Uniform Customs and Practice for Documentary Credits (UCP), developed by ICC, are rules 

used by letter of credit practitioners the world over. But most practitioners know very little 

about the UCP’s creation and how they have developed over the years. The Complete UCP 

traces the history of the rules from their inception more than 70 years ago through their latest 

revision, UCP 600, which came into effect on 1 July 2007. 

Written and compiled by Dan Taylor, Vice-Chairman of the ICC Banking Commission, this 

valuable collection contains the full text of the seven versions of the UCP that have appeared 

since 1933, as well as their antecedents, which date back to 1920. Each text is accompanied by 

an incisive commentary explaining the major changes from one UCP to another. More than just 

a history, The Complete UCP provides valuable insights into the most successful private rules 

for trade ever developed. This important work will enhance your understanding of UCP 600. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


The Complete UCP 

Uniform Customs and Practice for Documentary 

Credits 

Texts, Rules and History 1920-2007 

Dan Taylor 



Rs 5200 (Ebook)


ICC's Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR) have 

recently been revised. The revision was necessary to bring these long-standing rules into 

conformity with UCP 600, ICC's universally used rules on letters of credit. URR 725 contains a 

number of technical changes from the previous version, URR 525, and will be used by most 

letter of credit practitioners around the world. 

This revision was approved by the Commission on Banking Technique and Practice in April 2008 

and came into effect on 1 October 2008 . 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Uniform Rules for Bank-to-Bank 

Reimbursements under Documentary 

Credits 


Price : Rs 2400 (sets of ten leaflets)


"The revised ISBP is critical to correctly applying the practices of the UCP 600. It should be 

mandatory reading for every document examiner." 

Donald Smith - Chair, Banking Committee, U.S. Council for International and Business and Vice 

President, Client Services, Norman Technologies International Standard 

Banking Practice (ISBP) for the Examination of Documents Under Documentary Credits, 2007 

Revision for UCP 600, an update of the successful ICC Publication No. 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. 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. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


International Standard Banking Practice 

for the Examination of Documents under 

Documentary Credits 2007 Revision for UCP 600 

ISBP 



Rs 5200 (Ebook)


“The aim has been to provide a Commentary that enlightens practitioners as to the thought 

processes behind the changes in each article and to explain why a change was introduced and, 

in some cases, why no change was made.” -- Gary Collyer, Chair of the UCP 600 Drafting 

Group 

The International Chamber of Commerce (ICC) has established rules on documentary credits 

worldwide for more than 70 years. UCP 600, the latest version of ICC’s universally used rules on 

documentary credits, came into effect on July 1, 2007. Members of the Drafting Group that 

developed the new UCP have produced an article-by-article Commentary on the rules. 

Commentary on UCP 600, which reflects the Group’s personal views*, explains the rationale 

behind the changes in the rules and clarifies the general principles that underlie them. The 

Drafting Group’s Commentary on UCP 600 examines each of the 39 articles of the new UCP. 

Each article and sub-article is analyzed under four different topics: 

• the text of the article (or sub-article), 

• the key changes from UCP 500, 

• a commentary explaining the rationale for the new language, and 

• the cross-references to other articles in UCP 600. 

Practical, compact and easy-to read, Commentary on UCP 600 will be a reference book of 

choice for students and users of the new UCP.*Note that Commentary on UCP 600 reflects the personal views of the 

UCP Drafting Group. It does not necessarily reflect the views of the full ICC Banking Commission. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Commentary on UCP 600 

Article-by-Article Analysis by the UCP 600 

Drafting Group 



Rs 4500 (Ebook)


UCP 600 came into effect on 1 July 2007 and contains significant changes including: 

• A reduction in the number of articles from 49 to 39; 

• New articles on "Definitions" and "Interpretations" to provide more clarity 

and precision in the rules; 

• The replacement of the phrase "reasonable time" for acceptance or refusal 

of documents by a firm period of five banking days; 

• New provisions which allow for the discounting of deferred payment credits; 

• A definitive description of negotiation as “purchase” of drafts of documents 

UCP 600 contains within the text the 12 Articles of the eUCP, ICC’s supplement to the UCP 

governing presentation of documents in electronic or part-electronic form. Used by letter of 

credit practitioners worldwide, the Uniform Customs and Practice for Documentary Credits 

(UCP) are the most successful private rules for trade ever developed. Bankers, traders, lawyers, 

transporters, academics and all who deal with letter of credit transactions worldwide, will refer 

to UCP 600 on a daily basis. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Uniform Customs and Practice for 

Documentary Credits 

UCP 600 



Rs 5200 (Ebook) 

Rs 10500 (Set of 25 leaflets)


Unpublished Opinions of the ICC Banking Commission, 1995-2004, contains more than 120 

Opinions, 109 of which have never been published in book form before, this volume includes 

Opinions decided on UCP 500, URR 525, UCP 400, URC 522, URC 322 and URDG 458. 

Also included for the first time are Opinions relating to the eUCP, the UCP 500’s supplement for 

electronic presentation of documents, and ISBP, a Banking Commission checklist showing how 

UCP 500 should be applied in everyday practice. The ISBP, praised by practitioners, has been 

credited with reducing unacceptably high L/C discrepancy rates. 

For years, the series of Banking Commission Opinions have guided bankers, lawyers, 

practitioners and academics to a clearer understanding of ICC’s universally used rules on 

banking practice. Unpublished Opinions is the latest of the valuable volumes in this series. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Unpublished Opinions of the ICC Banking 

Commission, 

1995-2004 



Rs 8500 (Ebook)


First introduced in 1997, DOCDEX is a rapid, cost-effective dispute resolution system intended 

to resolve disputes involving ICC rules on documentary credits (UCP 500). Expanded in 2002 to 

cover the ICC Uniform Rules for Collections (URC) and the Uniform Rules for Demand 

Guarantees (URDG), the process normally takes 30-60 days, with most cases resolved within 30 

days. 

DOCDEX has been used by practitioners worldwide who need quick decisions on outstanding 

conflicts to avoid lengthy and expensive court cases. 

Now, for the first time, all of the DOCDEX decisions taken over a seven-year period have been 

collected in a single volume. This indexed volume of DOCDEX decisions gives the reader an 

insight into the thinking of ICC experts who must judge difficult cases involving ICC rules. As 

such, it’s an invaluable companion to the rules themselves. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Collected DOCDEX Decisions 1997 - 2003 

the International Chamber of Commerce (ICC) 




More than 15 percent of trade (over $1 trillion a year) is financed using letters of credit. ICC's 

universally used Uniform Customs and Practice for Documentary Credits, UCP, are the most 

successful private rules for commerce ever developed. But rules require interpretation, and 

courts worldwide have interpreted how the UCP should be applied in daily practice. 

Here, in a single volume, the most important court cases interpreting the UCP have been 

collected, analyzed and explained. 

Getting to the essentials 

Written by King Tak FUNG, a prominent Hong Kong lawyer, Leading Court Cases on Letter of 

Credit gives the facts and analyzes the reasoning behind the cases fundamental to letter of 

credit law. For each case, this important book lays out: 

• a summary of the facts of each case in easy-to-understand diagrams; 

• the key issues presented ; and 

• an analysis of what each court decision means for letter of credit practice. 

By focusing on the essentials, Leading Court Cases distills the court’s legal reasoning into a 

highly readable, user-friendly reference tool. More than 40 cases are explained with skill and 

insight. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


Leading Court Cases on Letters of Credit 

King-tak Fung 




"The problems of documentary compliance are many and subtle. ICC Banking Commission 

Collected Opinions 1995-2001 gets high marks for bringing together in easily accessible format 

the Banking Commission's best judgments on many documentary compliance questions. The 

book will be a major resource for lawyers, bankers, judges, and scholars." 

John F. Dolan, Professor of Law, Wayne State University 

For more than 70 years, ICC's Uniform Customs and Practice for Documentary Credits (UCP) 

have set the standard for documentary credit usage worldwide. ICC's Banking Commission 

Opinions, often cited by courts, provides expert interpretation and contains the official analysis 

of how the rules work in day-to-day practice. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Banking Commission Collected 

Opinions 

1995-2001 

Gary Collyer and Ron Katz 



Rs 8500 (Ebook)


International Standby Practices fills an important gap in the market place. Though standby 

letters of credit have similarities with commercial letters of credit and other financial 

instrument, there are significant differences in scope and practice. A new set of Rules was 

therefore required for this workhorse of commerce and finance. 

ISP98 reflects a distillation of practices from a wide range of standby users: bankers, merchants, 

rating agencies, corporate treasurers, credit managers, government officials and banking 

regulators. Like the UCP for commercial credits, ISP98 is destined to become the industry 

standard for the use of standbys in international transactions. 

Another set of invaluable ICC rules, ISP98 offers a precise and detailed framework for 

practitioners dealing with standby letters of credit. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ISP 98 - International Standby Practices 


Price : Rs 2000 (Paper)


The ICC Model Forms for Issuing Demand Guarantees is designed for bankers, attorneys and 

other parties issuing guarantees and the specialised documents that accompany them. 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Model Forms for Issuing Demand 

Guarantees 




Designed specifically for the insurance industry, the ICC Uniform Rules for Contract Bonds are a 

set of rules designed to secure uniform practice in the operation and enforcement of bonds. 

Clear and concise, the rules will provide an invaluable aid to business people, traders, lawyers 

and financial institutions. 

These Rules are endorsed by UNCITRAL 



Tel : +91 11 23322472, 23738760-70 Extn : 375 


ICC Uniform Rules for Contract Bonds 


Price : Rs 1200 (Paper)

INTERNATIONAL BANKING - ICC India

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?