15/02/2022
Presentation, Examination, Rejection and Settlement
(based on UCP600, ISP98, URDG758 and PBI/KUHPer)
Scope of material:
- Introduction
- Using the correct instrument
- Advising/Amendment Commercial/Standby LC
- Presentation document (UCP vs ISP)
- Examination Document (UCP vs ISP)
- Rejection/Refusal of Document 9UCP vs ISP)
- Standby LC based on UCP or ISP
- Overview of Demand Guarantee
- Scope and Application of URDG / ISP
- Advising/Amendment Guarantee/Standby LC
- Presentation of Demand (URDG vs ISP)
- Rejection/Refusal of Demand (URDG vs ISP)
- Disclaimer of Demand (URDG vs ISP)
- Governing Law and Jurisdiction (URDG vs ISP)