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8
折優惠：HK$160
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ISP 98 - International Standby Practice -The Rules， ( ICC Publication 590)
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訂購需時10-14天
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The 89 Rules in International Standby Practices (ISP98) offer a precise and detailed framework for practitioners dealing with standby letters of credit.
The 89 Rules in International Standby Practices (ISP98) offer a precise and detailed frameworkfor practitioners dealing with standby letters of credit. Developed by the Institute of International Banking Law and Practice, endorsed and published by the International Chamber of Commerce (ICC), ISP98 is the standardized text for the use of standbysworldwide.
ISP98 was written exclusively for standbys, and will reduce the cost and time of drafting, limit problems in handling and avoid countless disputes and unnecessary litigation that have resulted from the absence of internationally agreed rules on standby.
ISP98 Rules
contain precise definitions of key terms such as "original" and "automatic amendment"
cover in detail the standby process from "Obligations" to "Syndication"
provide neutral rules acceptable in most situations
save both time and money in negotiating and drafting standby terms
help avoid litigation and unexpected loss
propose basic definitions should the standby involve presentation of documents by electronic means
provide international standards for the use of this fast growing financial instrument
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