The law of letters of credit commercial and standby credits is the fourth edition of a traditional treatise on a rather narrow legal subject letters of credit fall into two categories 1 commercials which find use in international sales and 2 standbys that are a common device in many domestic transactions. The law of letters of credit commercial and standby credits has been the leading treatise on the subject for over 30 years this expert resource guides you through the entire life cycle of the credit including such essential steps as establishing amending and terminating the credit and transfers and assignments . Letters of credit were traditionally governed by internationally recognized rules and procedures rather than by national law the international chamber of commerce oversaw the preparation of the first uniform customs and practice for documentary credits ucp in 1933 creating a voluntary framework for commercial banks to apply to transactions . The law and practice of documentary letters of credit peter ellinger dora neo oxford uk hart publishing 2010 474 pp gbp95 steven jeffery i first studied the law relating to letters of credit when completing my master of laws course at york universitys osgoode hall law school in 1997 79 one of the first books that i read on the subject was peter ellingers documentary letters
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