UCP 600: Uniform Customs and Practice for Documentary Credits - The fundamental international rules governing the operation of Letters of Credit, published by the International Chamber of Commerce
ISP98: International Standby Practices - Rules specifically governing standby letters of credit, used when the LC serves as a security instrument
Bills of Exchange Act 1882: UK legislation governing negotiable instruments, relevant for the treatment of drafts under Letters of Credit
Sale of Goods Act 1979: UK legislation governing contracts for the sale of goods, crucial for underlying transactions in commercial Letters of Credit
Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts, applicable to terms in Letters of Credit
Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries of Letters of Credit
ISBP: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600
URR 725: Uniform Rules for Bank-to-Bank Reimbursements - Rules governing reimbursement arrangements between banks in Letter of Credit transactions
Financial Services and Markets Act 2000: UK legislation regulating financial services and markets, relevant for banks issuing Letters of Credit
Money Laundering Regulations 2017: UK regulations requiring due diligence and controls to prevent money laundering in financial transactions including Letters of Credit
Sanctions and Anti-Money Laundering Act 2018: UK legislation enabling sanctions implementation and anti-money laundering measures affecting international trade finance
English Case Law on Letters of Credit: Body of precedent cases establishing principles of autonomy, strict compliance, fraud exception, and unconscionability in Letter of Credit operations
