Index
advising/nominated bank, 34, 51, 61
amendments to terms, 5960
beneficiary adversely affected, 60
applicants, 34, 37
beneficiaries, 34, 51
confirming bank, 34
contract recommendations, 179
deferred payment, 36
deferred payment credits, 623
discrepant documents:
about discrepant documents, 639
unacceptable clauses, 66
discrepant document handling,
negotiating bank actions:
7 day examine time, 64
getting authority to pay despite
discrepancies, 66
offering to pay or accept against
indemnity, 65
offering to pay under reserve, 656
returning them to beneficiary, 645
sending documents for collection, 66
discrepant document handling,
negotiation possibilities, 679
UCP 500 (Article 10bii) on
negotiations, 68
documents required:
certificate of origin, 45
insurance certificates/policies, 456
invoices, 445
importers, recommendations for, 184
issuing banks, 34, 3740
details expected from bank, 389
and exporters expectations, 38
and importers expectations, 38
issuing banks with discrepant
documents:
7 day examine time, 67
action on refusal of applicant to
accept, 67
issuing procedure:
advising/nominated bank, 401
beneficiary, 42
confirming bank, 412
reimbursement, 423
negotiating bank, 34
operation and specimen document,
4952
recourse, 612
reimbursing bank, 345, 43, 51
sight credit, 35
specimen document, 39
UCP500:
Article 9. Liability of issuing and
confirming banks, 6970
Article 10. Types of credit, 71
Article 13. Standard for examination
of documents, 712
Article 14. Discrepant documents and
notice, 723
Article 23. Marine/ocean bill of lading,
734
Article 24. non-negotiable sea waybill,
734
Article 25. Charter party bill of lading,
74
Article 26. Multimodal transport
document, 745
Article 28. Road, rail or inland
waterway transport documents,
75
and Swift, 51
Usance, 356
see also Bills of lading; Confirmation of
documentary credit
Late payment, risk to exporters, 11
Legal cases:
Banco Santander SA and Banque
Paribas, 623
Banque de lIndochine et de Suez v.
Rayner, 44
Banque Nationale de Paris v. Credit
Agricole Indosuez, 63
I.E. Contractors Limited v. Lloyds Bank
Plc, 856
Siporex Trade SA v. Banque Indosuez, 89
United Trading SA v. Allied Arab Bank
Limited, 87
Letters of credit see Documentary letters of
credit; Standby letters of credit
Lloyds of London, 6
Marine bills of lading, 467
Marine insurance see Insurance
Master credit, 124, 1267
Mates receipts, 49
Merchants, as importers, 3
205

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