Documentary Credits in Practice

This eBook addresses from all angles the finer points of sound use of these payment instruments in foreign trade.

Meticulously written in light of current international standard banking practice and based on the UCP rules, Documentary Credits in Practice by Pavel Andrle (420 pages) endeavours to equip documentary credit users with a practical guide to support their daily work dealing with documentary credits. This most comprehensive and highly practical book on the subject consists of four main parts.

This book endeavors to equip the reader - the user of the documentary credit - with a practical guide which will support day-to-day work dealing with documentary credits. A comprehensive approach to documentary credit practice, this book consists of four main parts (General, Practical, Financing of Documentary Credits and Examination of Documents).

What's Inside

An opening general section of the book elaborately introduces the documentary credit, its character, and its role in the payment and financing of international trade. The documentary credit is compared with other payment methods from the standpoint of its advantages and disadvantages, both from the seller’s and the buyer’s point of view. The DC is explained in a most practical way, differentiating this publication from others in the field. The DC instrument is explained “step by step”, i.e. each aspect of the credit is treated separately, from top to bottom of the credit instrument. UCP 600 rules are herewith clarified with comprehensive attention placed on various options and situations, linked directly to specific documentary credit terms and conditions.

A practical section follows which describes the documentary credit cycle in detail: from the preliminary stages of contracting through negotiation of the contract terms and conditions; final contract conclusion; issuance of the documentary credit; preparation of the documents required by the credit; to the presentation and drawing. Liabilities and responsibilities of the involved parties are explained as well as the optimal operational procedures, identification of common problems and issues, and the safeguards for dealing with them in daily practice.

As documentary credit is not only a payment instrument but can also serve as a financing tool, a third section of the book examines the various forms of financing based on documentary credits. 

The book’s fourth section thoroughly addresses all facets of the examination of documents presented under documentary credits.

Who this is for:

Unique in both its scope and practicality, Documentary Credits in Practice is specifically designed for exporters, importers, and bankers, as well as carriers, freight forwarders, cargo insurers, and other practitioners actively engaged in international trade.