Is ISBP binding on banks?
Not as a contractual rule, but UCP 600 requires presentations to comply with international standard banking practice, and ISBP is the recognised statement of it. In practice banks and tribunals treat it as authoritative.
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Not as a contractual rule, but UCP 600 requires presentations to comply with international standard banking practice, and ISBP is the recognised statement of it. In practice banks and tribunals treat it as authoritative.
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