UCP 600: Uniform Customs and Practice for Documentary Credits - primary rules governing the operation of letters of credit internationally
ISP98: International Standby Practices - specific rules governing standby letters of credit, providing an alternative to UCP 600 for standby credits
URR 725: Uniform Rules for Bank-to-Bank Reimbursements - rules governing the reimbursement obligations between banking institutions
Bills of Exchange Act 1882: Fundamental UK legislation governing negotiable instruments and certain aspects of documentary credits
Law of Property (Miscellaneous Provisions) Act 1989: English law governing formal requirements for certain types of contracts and property transactions
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries of letters of credit
Financial Services and Markets Act 2000: Primary UK legislation governing financial services regulation and oversight of banking activities
UK Money Laundering Regulations 2017: Regulations governing anti-money laundering requirements for financial transactions including letters of credit
UN Convention on Independent Guarantees and Stand-by Letters of Credit: International convention providing uniform rules for independent guarantees and standby letters of credit
Power Curber International Ltd v National Bank of Kuwait SAK [1981]: Key English case law establishing principles regarding letters of credit and their autonomous nature
