Download or read book Keys to Understanding Documentary Letters of Credit written by Cornelio (Onnie) A. Sumangil and published by LULU. This book was released on 2014-10-23 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful overseas sales can open windows of opportunities for international business, allowing companies to grow and substantially increase profits. Documentary letters of credit is one of the most secure payment instruments available to ensure each transaction goes smoothly. Unfortunately, it can also be one of the most complex and technical processes related to cross-border transactions. Cornelio (Onnie) Sumangil relies on more than forty years of experience in international trade banking to help others better understand a documentary letter of credit, how it works, and its purposes. Sumangil provides a roadmap that leads both novice and seasoned cross-border traders through a step-by-step process from analyzing and negotiating the terms and conditions of a transaction to securing a payment at the end of the process. Included is relevant information on negotiation credits, types of time payments, ways to resolve discrepancies, and how to select a high-quality international bank.
Download or read book Keys to Understanding Documentary Letters of Credit written by Cornelio Sumangil and published by . This book was released on 2018-11-13 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: About the AuthorCornelio (Onnie) Aguila Sumangil is principal of Sumangil Trade Resources, a Dallas based strategy consulting firm focused on tackling challenges in cross-border, trade transactions. His firm partners with exporters and provides expertise, ideas, and support in international trade transactions. His previous professional career for 40 years with three American global banks provided him with experience in handling cross-border trade. He retired as Senior Vice President for Trade Sales for Bank of America in 2000. Thereafter, he was employed by Citibank N.A., New York as Trade Sales Manager for the Southwest USA. At First National Bank of Minneapolis, he was an international operations specialist for 10 years. He started his banking career at Bank of Asia in the Philippines. He received a Diploma of Graduation from the American Bankers Association School for International Banking at the University of Colorado in 1984.Onnie was the recipient of the Professional Service Award given by the Dallas- Fort Worth International Trade Resource Center in 1998. He served as Trade Finance Instructor at Texas Tech University International Cotton School, Lubbock, Texas, for ten years. In 2014, he published a book on the fundamentals of documentary credits titled: Keys to Understanding Documentary Letters of Credit, which is available at Barnes and Noble and Amazon.com. He is a member of the International Advisory Board of Richland College in Richardson, Texas.
Download or read book The Law of Documentary Letters of Credit in Comparative Perspective written by A. N. Oelofse and published by . This book was released on 1997 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Documentary Letters of Credit written by Eliahu Peter Ellinger and published by . This book was released on 1976 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Practical Guide to Letters of Credit written by Charles E. Aster and published by . This book was released on 1990 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Documentary Letters of Credit written by Eliahu Peter Ellinger and published by . This book was released on 1970 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Letters of Credit and Documentary Collections written by Thomas H. Ward and published by . This book was released on 2009-01-01 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Case Studies on Documentary Credits Under UCP 500 written by Charles del Busto and published by ICC Publications. This book was released on 1995 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case Studies on Documentary Credits under UCP 500 analyzes real cases involving ICC's Uniform Customs and Practice for Documentary Credits, UCP 500. Taken from formal and informal queries submitted to the ICC, Case Studies sets out the facts of each case, poses the key questions to be answered and provides clear and detailed responses from the ICC. Each of the 33 case studies in this book is referenced to a specific Article of the UCP 500. Each case study is then presented in four parts: Background: Type of Credit, Application, Issuing Bank, Advising Bank, Negotiating Bank, Availability, Expiry Circumstances: Specific facts of the case Queries: Questions to be answered Answers to the Questions: Answers provided by the ICC Answers to the queries are grouped, case by case, in Part Two of the book in order to encourage individual comprehension and training. Case Studies also includes: -- Sample Documents -- A test highlighting possible discrepancies in the documents -- Index of key words and UCP Articles to which cases refer -- Full text of UCP 500 and related ICC Position Papers Case Studies on Documentary Credits under UCP 500 is a practical, user-friendly workbook designed to bring an added dimension to your knowledge of the UCP rules. Ideal for bankers, traders, lawyers, students of international trade and international banking. Related publications and software from ICC Publishing UCP 500 -- UCP 500 Diskette -- UCP 500 + 400 Compared -- Guide to Documentary Credit Operations -- Standard Documentary Credit Forms -- Opinions of the ICC Banking Commission
Download or read book The Law and Practice of Documentary Letters of Credit written by Peter Ellinger and published by Hart Publishing. This book was released on 2010-01-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Letters of credit have retained their role as an instrumentality for the financing of foreign trade. An understanding of the law and practice in point is imperative for lawyers advising business people and bank clients, as well as for the banking and trading communities. The book examines the topic on the basis of the common law system, primarily UK law, and adopts an approach that is analytical and not merely descriptive. Letter of credit transactions are, by their nature, international and most nations have adopted the Uniform Customs and Practices ("UCP") originally promulgated by the International Chamber of Commerce (ICC) in 1933 and updated from time to time. Today, the UCP constitutes a code of internationally accepted rules governing letter of credit transactions. The authors have therefore selectively incorporated some comparative discussion, for instance, of the position in the USA and Europe. The book will be an essential work of reference for commercial lawyers in all the major financial centres of Europe, America and Asia.
Download or read book Bank Credits and Acceptances written by Henry Harfield and published by . This book was released on 1974 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Contracting written by Larry A. DiMatteo and published by Kluwer Law International B.V.. This book was released on 2021-11-05 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt: For well over a decade, this prized guide has served practitioners handling the legal ramifications of international contracting projects. The fifth edition expands on issues discussed in the earlier one, along with new topics that continue to redefine the researching, drafting, and execution of international contracts. All the invaluable features of earlier editions are of course still here, including analysis of key contract issues unique to various types of contracting, common contract clauses, contract checklists, insights gleaned from actual cases and arbitral proceedings, and clear explanation of the principles of good contract drafting. The major relevant international conventions, model laws, pertinent national laws, legal guides, and other documents and instruments are all covered, with primary texts provided in the appendices. Some of the new issues and topics covered include: new potential causes of force majeure and hardship (pandemics and BREXIT); review of Incoterms 2020; new clauses covered (anti-slavery, exclusion, interpretation, no-waiver, sub-contracting, sustainability clauses, among others); rise of new international commercial courts; legaltech, smart contracts, and artificial intelligence; ethics; implementation of technology in legal practice; enforceability of penalty clauses; Internet sales and agency contracts; long-term contracts and goodwill compensation; data protection and the General Data Protection Regulation (GDPR); alliance, collaboration, and cooperation agreements; noncompete and nonsolicitation clauses; e-mail disclaimers; and separation and release agreements. The book acts as a single-volume reference in the negotiating and drafting of international contracts and offers expert insights regarding the reasonableness of many contract clauses and the likelihood of their enforcement in a foreign jurisdiction. An adroit combination of contract theory and contract practice, the book continues to provide guidance to law practitioners and students alike. “International Contracting is an excellent single volume reference that highlights the different issues relating to a variety of contracts. I recommend it to drafting attorneys writing domestic as well as transborder contracts.” – Christopher E. Howard (complex commercial transactions and development projects), Managing Partner, Pierce Atwood LLP, Portland, Maine “The latest edition of Professor DiMatteo's International Contracting constitutes a broad yet detailed coverage of international contract law and laws, as well as international practice. It drills down into the level of detail that supplies invaluable practical guidance of the sort not to be found in other publications.” – Professor Michael G. Bridge, London School of Economics “International Contracting is an ideal source for practitioners whether of the civil or common law. It also provides a concise review of international contracting issues and practices for the scholar and student interested in this area of law. I highly recommend it as a general resource on the topic.” – Michel Cannarsa, Dean & Professor, Lyon Catholic University
Download or read book Understanding Letter of Credit written by Nisha S Koshal and published by Notion Press. This book was released on 2017-06-15 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book elucidates the importance of a letter of credit in matters of trade finance. A letter of credit is an instrument that is used worldwide to facilitate the flow of trade finance. This book is ideal for beginners who are interested in the subject but do not possess a clear understanding of the basics of the letter of credit or adequate technical knowledge. It may also benefit bankers and students of international trade finance. It will help them build a strong foundation to help understand how to tackle difficult day to day transactions. The book explains the UCP 600 guidelines that govern letters of credit and the roles of the issuing bank, beneficiary, advising bank, nominated bank, confirming bank, applicant and so on. This book is not exhaustive as letter of credit is a vast subject and every single transaction carried out is unique. The book has been written keeping in mind the difficulties I faced while working at a bank and the experiences I have gained thus far, on my journey as a trade finance professional.
Download or read book Career Opportunities in Banking Finance and Insurance Second Edition written by Thomas Fitch and published by Infobase Publishing. This book was released on 2007 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Profiles current industry trends and salaries and career profiles include Insurance account executive, banking customer service representative, financial analyst, tax preparer and more.
Download or read book The Law of Letters of Credit written by John F. Dolan and published by Warren Gorham & Lamont. This book was released on 1991 with total page 1048 pages. Available in PDF, EPUB and Kindle. Book excerpt: This treatise addresses all standby and commercial letter of credit problems and provides guidance through the case law under UCC Article 5. Establishing, amending, and terminating the letter of credit is discussed in detail.
Download or read book Documentary Letters of Credit and Collections written by Raghu R. Palat and published by . This book was released on 2009 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than 85% of all international transactions are conducted using letters of credit, or documentary letters of credit as they are more formally called. Letters of credit are subject to the Uniform Customs and Practice for Documentary Credits, popularly known as UCP, the internationally recognised rules. UCP 600 is the latest version.
Download or read book Standby and Commercial Letters of Credit written by Brooke Wunnicke and published by Wolters Kluwer. This book was released on 2000-10-01 with total page 1690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Standby and Commercial Letters of Credit, Third Edition alerts you to current developments and discusses the recent UCP600, former UCP500, ISP98, UCC Article 5, and current trade practices and problems. The authors review letter of credit law and practices, helping to resolve concerns of applicants, beneficiaries, and issuers. This essential resource includes: Sample forms and clauses, procedures and checklists Current court cases and extensive Table of Cases What can happen to letters of credit in bankruptcy and insolvency proceedings Fraud and injunction nightmares Cross-reference table UCP600 and UCP500 Strategies for bank reimbursement agreements Standby and Commercial Letters of Credit, Third Edition gives you immediate guidance when you need it most. And it supplies real-world letters of credit situations, with analyses of what was done right and wrong.
Download or read book International Trade Finance written by Tarsem Bhogal and published by Springer Nature. This book was released on 2019-10-02 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 21st century has witnessed swift change in every sphere of the human endeavour. Regulatory re-alignment, digitalisation and economic and political developments have contributed to paradigm shift in banking, trade, finance and the shipping industry virtually transforming the landscape. International Trade Finance is an essential tool for bankers, exporters/importers, shippers, consultants, teachers and students navigating the procedures of international trade finance. The book addresses basic topics relating to international trade including letters of credit mechanism, collections of bills, trade customs and practice. New to this revised edition, it covers SWIFT updates, supply chain system, UKEF, Blockchain technologies, the implications of BREXIT, NAFTA, Mexico, Canada and other bilateral agreements and their implications, the US sanctions, terrorist financing and anti-money laundering provisions, and a check list to control financial crime risks in trade finance. The extended metaphor of the book is that of an arm chair tour covering fundamentals to the nuances of the hard core of the subject matter and enabling the readers to deal with complicated implementation issues in a forthright and comprehensive fashion.
