Letters of credit

Letters of credit guidance:

Commercial letters of credit (also known as traditional letters of credit or L/Cs) are used in relation to the movement of goods in the context of international or...

Practice Note

Standby letters of credit are a type of letter of credit. The common feature of all letters of credit is an undertaking by a bank to pay the beneficiary of the letter of...

Practice Note

The simplest form of a commercial letter of credit is an undertaking by a bank to pay the beneficiary of the letter of credit a specific sum within a specified time limit...

Practice Note

The International Chamber of Commerce (ICC) has developed standard rules and guidance to govern letters of credit. The key publications for commercial letters of credit...

Practice Note

[TO BE PRINTED ON THE HEADED PAPER OF THE ISSUING BANK] To: [insert name and address of beneficiary] Date: [insert date] Dear [insert organisation name] Standby letter of...

Precedents

Standby letters of credit (also known as standby credits) are a type of letter of credit. They are used in similar circumstances to on demand guarantees or performance...

Practice Note

Commercial letters of credit (also known as traditional letters of credit or L/Cs) are used as a method of payment in the context of international and domestic trade. For...

Practice Note