UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of Letters of Credit, published by the International Chamber of Commerce
ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
URR 725: Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits - Rules governing reimbursement arrangements between banks
Bills of Exchange Act 1882: UK legislation governing negotiable instruments, including aspects of Letters of Credit dealing with bills of exchange
Sale of Goods Act 1979: UK legislation governing contracts for the sale of goods, relevant for the underlying transaction in Letters of Credit
Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts, applicable to Letter of Credit agreements
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries in Letters of Credit
Financial Services and Markets Act 2000: UK primary legislation for financial services regulation, including banking activities related to Letters of Credit
Financial Services Act 2012: UK legislation amending financial services regulation and establishing new regulatory framework
UK Money Laundering Regulations 2017: Regulations implementing anti-money laundering measures affecting financial transactions including Letters of Credit
United City Merchants v Royal Bank of Canada [1983]: Leading case law establishing principles on fraud and documentary compliance in Letters of Credit
Banco Santander SA v Bayfern Ltd [2000]: Important case law regarding deferred payment obligations under Letters of Credit
Fortis Bank SA/NV v Indian Overseas Bank [2011]: Case law addressing issues of document examination and compliance under Letters of Credit
