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Field 40C doubts

Posted: Fri Aug 28, 2015 3:15 am
by dcahuenas
About a SBLC that is gonna be issued in Switzerland by a Swiss bank in favour of a Spaniard bank in Spain, which one is the best Law and Jurisdiction if I am the Spaniard Bank?

The M760 was sent indicating the Swiss Law and Geneve Jurisdiction, but I think since we are accepting we may ask for an amendment.

Thanks for your help.

Issuing Country

Posted: Wed Sep 02, 2015 8:43 pm
by picant
Hi Pal,

normally SBLC, not under UCP 600, but under URDG or ISP98 fall under the issuing party Country ' Law.
The risk is that to obtain claim you must go or act in the foreign Country, in case of dispute.
Other comments appreciated