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jim
- Posts: 91
- Joined: Fri Aug 15, 2008 11:58 am
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by jim » Fri Apr 03, 2009 5:23 pm
dear sir,
ISP98
1.02 Relationship to law and other Rules
(a) These Rules supplement the applicable law to the extent not prohibited by that law.
(b) These Rules supersede conflicting provisions in any other rules of practice to which a standby letter of credit is also made subject.
what is the other rule here?
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Ozoda
- Posts: 56
- Joined: Wed Mar 11, 2009 5:50 pm
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by Ozoda » Fri Apr 03, 2009 7:09 pm
For example the standby LC may be subject to ISP98 and at the same time to UCP 600.