TY - JOUR
T1 - The Mechanics of Refusal in Documentary Letter of Credits
T2 - An Analysis of the Procedures Introduced in Article 16 UCP 600
AU - Hwaidi, Mohd
AU - Harris, Brian
PY - 2013
Y1 - 2013
N2 - Examines the effect under English law of the changes to the documentary credit refusal procedures under the Uniform Customs and Practice for Documentary Credits 2007 (UCP 600) art.16. Outlines the art.16 rules on the requirements for a refusal notice, the circumstances triggering the requirement to return documents, and the time period for giving a refusal notice. Considers the likely consequences of these new refusal formalities, particularly in the light of the guidance on the construction of UCP 600 provided by the Court of Appeal judgment in Fortis Bank SA/NV v Indian Overseas Bank.
AB - Examines the effect under English law of the changes to the documentary credit refusal procedures under the Uniform Customs and Practice for Documentary Credits 2007 (UCP 600) art.16. Outlines the art.16 rules on the requirements for a refusal notice, the circumstances triggering the requirement to return documents, and the time period for giving a refusal notice. Considers the likely consequences of these new refusal formalities, particularly in the light of the guidance on the construction of UCP 600 provided by the Court of Appeal judgment in Fortis Bank SA/NV v Indian Overseas Bank.
UR - https://discovery.dundee.ac.uk/en/publications/6980544e-532c-4747-980d-7ea20ed75eb5
M3 - Article
JO - Journal of International Banking Law and Regulation
JF - Journal of International Banking Law and Regulation
ER -