International Standard Banking Practice - ISBP

Preliminary considerations

►Scope of the publication

►The credit and amendment application, the issuance of the credit and any amendment thereto

General principles

►Abbreviations

►Certificates, certifications, declarations and statements

►Copies of transport documents covered by UCP 600 articles 19-25

►Correction and alteration (“correction”)

►Courier receipt, post receipt and certificate of posting in respect of the sending of documents, notices and the like

►Dates

►Documents and the need for completion of a box, field or space

►Documents for which the UCP 600 transport articles do not apply

►Expressions not defined in UCP 600

►Issuer of documents

►Language

►Mathematical calculations

►Misspellings or typing errors

►Multiple pages and attachments or riders

►Non-documentary conditions and conflict of data

►Originals and copies

►Shipping marks

►Signatures

►Title of documents and combined documents

Drafts and calculation of maturity date

►Basic requirement

►Tenor

►Maturity date

►Banking days, grace days, delays in remittance

►Drawing and signing

►Amounts

►Endorsement

►Correction and alteration (“correction”)

►Drafts drawn on the applicant

Invoices

►Title of invoice

►Issuer of an invoice

►Description of the goods, services or performance and other general issues related to invoices

►Instalment drawings or shipments

Transport document covering at least two different modes of transport (“multimodal or combined transport document”)

►Application of UCP 600 Article 19

►Issuance, carrier, identification of the carrier and signing of a multimodal transport document

►On board notation, date of shipment, place of receipt, dispatch, taking in charge, port of loading or airport of departure

►Place of final destination, port of discharge or airport of destination

►Original multimodal transport document

►Consignee, order party, shipper and endorsement, and notify party

►Transhipment, partial shipment and determining the presentation period when multiple sets of multimodal transport documents are presented

►Clean multimodal transport document

►Goods description

►Indication of name and address of delivery agent at destination

►Corrections and alterations (“corrections”)

►Freight and additional costs

►Release of goods with more than one multimodal transport document to be surrendered

Bill of lading

►Application of UCP 600 Article 20

►Issuance, carrier, identification of the carrier and signing of a bill of lading

►On board notation, date of shipment, pre-carriage, place of receipt and port of loading

►Port of discharge

►Original bill of lading

►Consignee, order party, shipper and endorsement, and notify party

►Transhipment, partial shipment and determining the presentation period when multiple sets of bills of lading are presented

►Clean bill of lading

►Goods description

►Indication of name and address of delivery agent at port of discharge

►Corrections and alterations (“corrections”)

►Freight and additional costs

►Release of goods with more than one bill of lading to be surrendered

Non-negotiable sea waybill

►Application of UCP 600 Article 21

►Issuance, carrier, identification of the carrier and signing of a non-negotiable sea waybill

►On board notation, date of shipment, pre-carriage, place of receipt and port of loading

►Port of discharge

►Original non-negotiable sea waybill

►Consignee, order party, shipper, and notify party

►Transhipment, partial shipment and determining the presentation period when multiple sets of non-negotiable sea waybills are presented

►Clean non-negotiable sea waybill

►Goods description

►Indication of name and address of delivery agent at port of discharge

►Corrections and alterations (“corrections”)

►Freight and additional costs

Charter party bill of lading

►Application of UCP 600 Article 22

►Signing of a charter party bill of lading

►On board notation, date of shipment, pre-carriage, place of receipt and port of loading

►Port of discharge

►Original charter party bill of lading

►Consignee, order party, shipper and endorsement, and notify party

►Partial shipment and determining the presentation period when multiple sets of charter party bills of lading are presented

►Clean charter party bill of lading

►Goods description

►Corrections and alterations (“corrections”)

►Freight and additional costs

►Release of goods with more than one charter party bill of lading to be surrendered

►Charter party contracts

Air transport document

►Application of UCP 600 Article 23

►Issuance, carrier, identification of the carrier and signing of an air transport document

►Goods accepted for carriage, date of shipment and requirement

►for an actual date of shipment

►Airports of departure and destination

►Original of an air transport document

►Consignee, order party and notify party

►Transhipment, partial shipment and determining the presentation period when multiple air transport documents are presented

►Clean air transport document

►Goods description

►Corrections and alterations (“corrections”)

►Freight and additional costs

Road, rail or inland waterway transport documents

►Application of UCP 600 Article 24

►Carrier, identification of the carrier and signing of a road, rail or inland waterway transport document

►Place of shipment and place of destination

►Original and duplicate of a road, rail or inland waterway transport document

►Consignee, order party and notify party

►Transhipment, partial shipment and determining the presentation period when multiple road, rail or inland waterway transport documents are presented

►Clean road, rail or inland waterway transport document 

►Goods description

►Corrections and alterations (“corrections”)

►Freight and additional costs

Insurance document and coverage

►Application of UCP 600 Article 28

►Issuer, signing and original of an insurance document

►Dates

►Amount of cover and percentage

►Risks to be covered

►Insured party and endorsement

►General terms and conditions of an insurance document

►Insurance premium