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International Standard Banking Practice – ISBP 745 is the most up to date, comprehensive guide to handling and examining trade documents under documentary credits. An invaluable source of practical information for trade finance professionals and academics, this revised edition of ISBP provides readers with the latest ICC approved guidelines for all parties to documentary credits.
ISBP 745 details how to apply banking practices under UCP600 to various trade documents (invoices, transport documents, bills of lading, certificates of origin…) and features the following documents, which were not covered in previous editions :
Non-negotiable sea waybills
Analysis, Inspection, Health, Phytosanitary, Quantity and Quality certificates
The professionals’ reference book to best banking practices for international L/C documents subject to UCP600, ISBP has already played a significant role in reducing international discrepancies for documentary credits and is regularly consulted by a wide range of banking, logistics, insurance, legal and corporate professionals and academics worldwide.