Documentary credit in practice

A unique publication on our market, which comprehensively and practically deals with this very important method of financing foreign as well as domestic trade. It will make it easier for all entrepreneurs, and especially exporters, to deal with their business partners and banks on a daily basis in connection with documentary letters of credit. The issue is treated both from the perspective of the standard rules according to which they are implemented worldwide - the Uniform Customs and Rules for Documentary Credits - and from the perspective of Czech banking practice. The author sought to create a reference publication that would become a standard in this field. For this reason, many leading experts have been consulted - the result is maximum objectivity in clearly formulated information. The new updated edition responds to changes in practice in the review of documents submitted under documentary credits. The publication is also enriched with a new chapter focused on the financing of letters of credit, both from the perspective of the exporter and the importer.