The Horror LC


By Kim Sindberg

About Kim Sindberg
Kim Sindberg (formerly known as Kim Christensen) is a member of the “ICC Commission on Banking Technique and Practice,” chairman of the “ICC Denmark Trade Finance Forum,” and charter member of the “IIBLP European Advisory Council”.”

He is a member of the “ISBP Drafting Group,” which the ICC formed in 2010 to revise the ISBP (International Standard Banking Practice for the Examination of Documents under Documentary Credits, 2007 Revision for UCP 600 – ICC publication No. 681).



This article is published from the book “From Beginning to Beginning – Trade Finance Articles from 2003 to 2011” with the kind consent of the author.

The material is protected under International and Federal Copyright Laws and Treaties. Any unauthorized reprint or use of this material is prohibited. No part of this book or article may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without express written permission from the author / publisher.

Please Login to Leave Your Comment

Viewer's Recent Comments

Be the first to make a comment.

Sponsored Links

Recent Reviews

ICC Guide to the Uniform Rules for Bank Payment Obligations
ISBP Online
From Beginning to Beginning

Latest in Trade Library

UCP 600 Exclusions in Perspective
Use of Transport Document in International Trade
The Place of Receipt Case

Your Right To Vote

Which Letter of Credit Expires in Importing Country instead of Exporting ?
It is Usance L/c
It is Deffered L/c
Never Heard of It

Poll initiated by FaisalFahim

The Horror LC - Best Trade Solution