International standard banking practices ISBP

This revised version of International Standard Banking Practice (ISBP), brings it in line with the latest version of ICC's universally used rules on documetary credits, UCP 600, implemented on July 1, 2007. ISBP was conceived as an intelligent checklist of procedures for document checkers to follow [...]
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This revised version of International Standard Banking Practice (ISBP), brings it in line with the latest version of ICC's universally used rules on documetary credits, UCP 600, implemented on July 1, 2007. ISBP was conceived as an intelligent checklist of procedures for document checkers to follow in examining documents presented under letters of credit. While not a substitute for the UCP, which remains the guidint text, ISBP demonstrates how the UCP is to be integrated into everyday practice.