Users' Handbook for Documentary Credits under UCP 600

No. P694E

ISBN : 978-92-842-0043-6

Users’ Handbook for Documentary Credits under UCP 600 is an introduction to users of letters of credits as well as to sellers and buyers who seek to increase their access to cross-border markets. It clearly illustrates how both commercial parties and bankers have used this remarkable commercial device, the documentary credit, to achieve their objectives in international business.

Users’ Handbook is divided into five parts:

• Part One is a brief discussion of international sales and transport.

• Part Two explains the banking industry’s crucial role in documentary credit transactions and illustrates many of the transactions in which commercial parties utilize the documentary credit.

• Part Three explains the way documents control the payment function of the documentary credit.

• Part Four introduces the all-important feature of the documentary credit – the ways it opens financing options to sellers, which can then extend credit to buyers.

• Part Five introduces the standby credit and illustrates its role in cross-border transactions.

A handy glossary of international trade terms for easy reference.

This Users' Handbook is an invaluable tool for users who are not yet familiarized with the application of Documentary Credits under UCP 600. 

Code ISBN : 978-92-842-0043-6
Weight : 0.5800 kgs
Number of pages : 158
Publishing date : 2008
Language : English
Format in cm : 19*27.2

• Foreword

• Preface

• Part One International Sales and Transport
1. Chapter I The International Sale
2. Chapter II International Transport (Delivery)

• Part Two The Role of the Banks
3. Chapter III International Payments
4. Chapter IV Cash and Open Account Sales
5. Chapter V Forfaiting
6. Chapter VI The Documentary Draft Transaction
7. Chapter VII Introducing the Commercial Letter of Credit
8. Chapter VIII Advising the Credit
9. Chapter IX The Nominated Bank
10. Chapter X Confirming the Credit

• Part Three Honouring the Credit Obligation
11. Chapter XI Documents and Documentary Compliance
12. Chapter XII Honour and Dishonour
13. Chapter XIII Reimbursement

• Part Four Financing the Transactions
14. Chapter XIV Documentary Credits and Papers Presented under Them as Financing Devices
15. Chapter XV Using the Credit to Pay Suppliers by Transfer
16. Chapter XVI Paying the Seller’s Supplier
17. Chapter XVII Discounting

• Part Five The Standby Credit in International Trade
18. Chapter XVIII International Standby Credit Transactions

• Uniform Customs and Practices for Documentary Credits – 2007 Revision

• International Trade Glossary

• About the Authors

• Index

John F. Dolan

John F. Dolan is Distinguished Professor at Wayne State University Law School. He is a member of the American Law Institute and serves as an editorial board member of the Banking Law Journal and of the Journal of Payment Systems Law and as foreign contributing editor of the Banking & Finance Law Review. Professor Dolan’s letter of credit treatise and articles are widely cited by U.S. courts and in scholarly books and journals. Professor Dolan has taught as a visiting professor at the University of Utrecht, the University of Maastricht, the University of Michigan, the University of California (Hastings), and Ave Maria School of Law, and he was a visiting scholar at University College Dublin. For further details, go to his website:

Walter (Buddy) Baker

Walter (Buddy) Baker has over 30 years of experience in international trade finance. In September 2005 he joined Atradius Trade Credit Insurance, where he is responsible for assisting exporters and banks with structuring financing for export receivables. Prior to Atradius, Buddy’s career was in banking, most recently including 10 years with ABN AMRO Bank as Global Head of Technical Trade Advisory/ Compliance. Buddy is a recognized expert in trade finance, a long-time member of the IFSA Commercial Letter of Credit Committee, and also serves on the Board of Directors of the Finance Credit and International Business Association (the FCIB) and as an adviser to the Institute for International Banking Law and Practice and to the Wolfsberg Group. He makes frequent presentations on letters of credit and trade finance for national and international groups of exporters, bankers, and lawyers. He earned his undergraduate degree at Yale University and his master’s degree at Northwestern University.