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VI. COORDINATION AND COOPERATION

579VI. COORDINATION AND Standby Practices (ISP98):Report of the Secretary-General( ) [Original: English] its thirty-second session in 1999, the Commissionconsidered, on the basis of a report of the Secretary-General,1 a request by the Director of the Institute of Inter-national Banking Law and Practice, Inc. to consider en-dorsing for worldwide use the new Rules on InternationalStandby Practices (ISP98) (letter of request of 3 March1999 is reproduced in annex I). However, owing to the factthat late publication of that report had prevented somedelegations from carrying out consultations, the Commis-sion felt obliged to postpone consideration of endorsementuntil the thirty-third session in official text of ISP98 in English.

580 Yearbook of the United Nations Commission on International Trade Law, 2000, vol. XXXI International Contract Practices which resulted in the United Nations Convention on Independent

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