Примеры использования Standby letters of credit на Английском языке и их переводы на Русский язык
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Loans to Kuwaiti party; standby letters of credit.
However,"standby letters of credit", having the same function as guarantees, may be issued by banks.
International payments including independent guarantees and standby letters of credit.
It should be noted that both guarantees and standby letters of credit may be used in various ways to generate the purchase or sale of goods or services.
These private rules of practice are intended to apply to standby letters of credit.
Though standby letters of credit have similarities with commercial letters of credit and other financial instruments, there are significant differences in scope and practice.
Reference was made to the importance of ISP98 as private rules of practice intended to apply to standby letters of credit.
It is currently being used andpromoted by major banks which issue standby letters of credit, and is expected to become the world standard within the next few years.
Accordingly, the discussion in section B on guarantees for security of performance by the contractor applies to standby letters of credit. 1.
While this covers the traditional commercial letter of credit, standby letters of credit and bank guarantees are often frequently used for the purchase of goods and services internationally.
The UNLOC is to be considered the first source of law when there is a question of independent guarantees and standby letters of credit.
International Credit Insurance Association(ICIA)Business School Seminar on“Independent/Demand Guarantees, Standby Letters of Credit, Performance and Contract Bonds”(Flims-Waldhaus, Switzerland, 24- 27 September 1996);
A general expression(i.e."right securing payment") is used in order to ensure that rights that may not be security rights, for example,rights arising from independent guarantees and standby letters of credit, would be covered.
Guarantees and standby letters of credit, which represent irrevocable assurances that the Bank will make payments in the event that a customer cannot meet its obligations to third parties, carry the same credit risk as loans.
The most common Trade Finance Products used in International Trade are Documentary Collections,Documentary Credits and Guarantees or Standby Letters of Credit and Trade Loans.
These concerned, inter alia, standby letters of credit, the UNCITRAL model law on international credit transfers, the UNCITRAL model law on procurement of goods, construction and services, and the UNCITRAL model law on electronic commerce.
Moreover, it was highlighted that a significant difference existed between commercial letters of credit, on the one hand, and standby letters of credit, independent guarantees and reimbursement undertakings, on the other hand.
The idea to prepare such rules was conceived during the deliberations of the UNCITRAL Working Group on International Contract Practices which resulted in the UN Convention on Independent Guarantees and Standby Letters of Credit.
These transactions include standby letters of credit, financing agreements for the purchase of goods by Kuwaiti buyers, fees for services and machinery, credit card charges and the outstanding balance on the account of a selling agent of traveller's cheques.
Basic directions of work with documentary transactions issuance and maintenance of documentary letters of credit, bank guarantees and standby letters of credit, payment in the form of documentary collection.
Bank guarantees and standby letters of credit are used by importers and exporters to secure a wide variety of contractual obligations, including the obligation to pay and return the advance payment, trade obligations of the parties and others.
In the area of banking and payments, the United Nations Convention on International Bills of Exchange and International Promissory Notes, the UNCITRAL Model Law on International Credit Transfers, andthe United Nations Convention on Independent Guarantees and Standby Letters of Credit;
It provides separate rules for standby letters of credit in the same sense that the Uniform Customs and Practice for Documentary Credits(UCP) and the Uniform Rules for Demand Guarantees(URDG) do for commercial letters of credit and independent bank guarantees.
It was further noted that additional simplicity,as well as consistency with terminology currently employed in the draft Convention on Guarantees and Standby Letters of Credit being formulated by the Commission, might be achieved by referring, depending upon the context, to"issuer" or"confirmer.
ICC continued to work closely with UN Commission on International Trade Law(UNCITRAL) in such areas as the development of arbitration law, banking and trade finance, the drafting of the UNCITRAL model law on electronic commerce and trade facilitation,including model international sales contracts and rules on standby letters of credit.
Such assignments give rise to special considerations and are regulated by special legislative and non-legislative texts,including the United Nations Convention on Independent Guarantees and Standby Letters of Credit, the Uniform Customs and Practice for Documentary Credits(UCP500), the Uniform Rules for Demand Guarantees(URDG) and the Uniform Rules on Standby Practices ISP98.
The Commission had endorsed three instruments produced by the International Chamber of Commerce, including Incoterms 2000, the Uniform Rules for Contract Bonds and, most importantly, the Rules on International Standby Practices(ISP98),which his delegation believed should lead States to consider adopting the United Nations Convention on Independent Guarantees and Standby Letters of Credit.
In the area of banking, payments and insolvency, the United Nations Convention on the Assignment of Receivables in International Trade(General Assembly resolution 56/81, annex),the United Nations Convention on Independent Guarantees and Standby Letters of Credit(General Assembly resolution 50/48, annex), the UNCITRAL Model Law on International Credit Transfers, the United Nations Convention on International Bills of Exchange and International Promissory Notes(resolution 43/165, annex) and the UNCITRAL Model Law on Cross-Border Insolvency;
One aspect of the Commission's activities which had a direct bearing on work being done in UNCTAD was the continuing work in a relatively new field of law- the preparation of a convention on international bank guarantees and standby letters of credit, and the preparation of international rules on electronic commerce.
Security required from suppliers or contractors by the procuring entity and provided to the procuring entity to secure the fulfilment of any obligation referred to in paragraph 1(f) of article 17 of this Law and includes such arrangements as bank guarantees,surety bonds, standby letters of credit, cheques for which a bank is primarily liable, cash deposits, promissory notes and bills of exchange.