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New Rules for Letters of Credit: Time to Update the UCP 600

Antoniou, AM (2017) 'New Rules for Letters of Credit: Time to Update the UCP 600.' Journal of International Banking Law and Regulation, 32 (4). 128 - 140. ISSN 0267-937X

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Abstract

This article addresses the need for a revision of the UCP 600, international rules governing letters of credit. It identifies key articles that need amendments and is the first legal article to draft new provisions for the potential ?UCP 700?. The significance of updating the rules can be pinpointed as increasing bank operation efficiency and faster completion of international trade transactions.

Item Type: Article
Uncontrolled Keywords: Bankers' duties, Bills of lading, Charterparties, Electronic letters of credit, Letters of credit
Subjects: K Law > K Law (General)
K Law > KD England and Wales
K Law > KZ Law of Nations
Divisions: Faculty of Humanities > Law, School of
Depositing User: Anna Antoniou
Date Deposited: 06 Mar 2017 12:07
Last Modified: 31 Mar 2018 01:00
URI: http://repository.essex.ac.uk/id/eprint/19163

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