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PERFORMANCE SECURITY: BONDS, GUARANTEES AND …

PERFORMANCE SECURITY: BONDS, GUARANTEES AND …

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The form of a general LOC is standardised by the Uniform Customs & Practice or Documentary Credits 2007 (UCPs) published by the International Chamber of Commerce. The UCPs are usually expressly incorporated into the terms of an LOC. In some instances it may be more appropriate to adopt other rules such as the ICC's Uniform Rules for Demand ...

  Performance, Security, Practices, Uniform, Bond, Custom, Guarantee, Performance security, Guarantees and, Uniform customs

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