Presentation, Examination, Rejection and Settlement (based on UCP600, ISP98, URDG758 and PBI/KUHPer)

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)

 

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