This guide uses a unique combination of charts and sample documents to illustrate the documentary credit process from the time of the credit application through the issuing process and concluding with the means of settlement. Using concrete examples of how the documentary credit process works in practice with specific references to the Uniform Customs and Practice for Documentary Credits (UCP 500), the book provides an indispensable tool for import/export traders, bankers, training services, and anyone involved in day-to-day credit operations.
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