The new edition of this standard work on payment and payment securities in international trade is equally appealing to the importer and exporter, the banker and attorney dealing with international trade issues as well as relevant organizations and chambers. The UCP 600 (Uniform Customs and Practice for Documentary Credits), which came into effect on 1 July 2007, has been comprehensively incorporated into this new edition. This work offers the user a practice oriented work aid and reference book in one.