ISP98 Rule 2.03

LC & Guarantee Issuance: Under or Out of Control?

Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.

Views on ISDGP’s Interpretation of URDG 758 Article 4(a)

Inoperative Conditions

So-called “inoperative conditions” regularly trouble LC users because there are both appropriate and inappropriate ways of utilizing them. Such