ISP98 Form 2 - Model SBLC Providing for Extension
ISP98 Model Form 2 is a template for a Standby Letter of Credit (SBLC) providing for extension and incorporating annexed Form of Payment Demand with Alternative Non-Extension Statement.
ISP98 Form 3 - Model Standby Providing for Reduction
ISP98 Model Form 3 is a template for a Standby Letter of Credit (SBLC) providing for Reduction and that also incorporates an annexed Form of Reduction Demand.
ISP98 Form 4 - Model SBLC Providing for Transfer
ISP98 Model Form 4 is a template for a Standby Letter of Credit (SBLC) providing for Transfer and incorporating a template of a Transfer Demand.
ISP98 Form 5 - Simplified Demand Only SBLC
ISP98 Model Form 5 is a template for a simple Demand Only Standby Letter of Credit (SBLC).
ISP98 Form 6 - Model Counter Standby
ISP98 Model Form 6 is a template for a Model Counter Standby Letter of Credit (SBLC) with Annexed Form of Local Bank Undertaking
ISP98 Form 7 - Model Standby Requiring Confirmation
ISP98 Model Form 7 is a template for a Standby Letter of Credit (SBLC) requiring Confirmation.
ISP98 Form 8 - Model Confirmation of Standby
ISP98 Model Form 8 is a template for a Confirmation of a Standby Letter of Credit (SBLC).
Counter Standby/Counter Guarantee Practice: The Problems of Nomenclature
The lack of a common nomenclature for counter undertakings invites problems for practice and has plagued the industry for decades. It doesn't have to be this way.
The Myth That the UCP is “Law”
In this Lowdown from the Editor, Professor James E. Byrne opines on the misplaced status some afford to UCP as the LC community awaits UCP revision.
Redback Networks, Inc. v. Mayan Networks Corp. [2004]
How LC Proceeds Impact Bankruptcy Damage Caps: Explore how a U.S. court ruled LC proceeds as security deposits under bankruptcy caps, reshaping landlord claims and issuer risks.
Solo Industries UK, Ltd v. Canara Bank [2001]
Part of the Solo Industries frauds, this is the appellate court review of the trial court. Beneficiary Solo Industries sued issuer Canara Bank for wrongful dishonor.