Letters of credit | Practical Law

Letters of credit | Practical Law

This note provides an overview of letters of credit, including standby letters of credit and documentary (commercial) letters of credit. It outlines the parties to a letter of credit, the process involved in issuing and honouring letters of credit and the international laws, rules and principles that govern letter of credit transactions.

Letters of credit

Practical Law ANZ Practice Note w-012-7778 (Approx. 22 pages)

Letters of credit

by Practical Law Banking and Finance
Maintained • Australia
This note provides an overview of letters of credit, including standby letters of credit and documentary (commercial) letters of credit. It outlines the parties to a letter of credit, the process involved in issuing and honouring letters of credit and the international laws, rules and principles that govern letter of credit transactions.