'This is an important and authoritative contribution ... A study of this book will amply repay all who are interested in the subject, whether from a legal, banking, or academic point of view.' - Journal of the Institute of Bankers'It is an admirable and authoritative contribution to the field of the law and banking practice on which there is all to little of the printed word available and it is commended to those who would enlarge their knowledge of this field' - The Banker's Magazine'In short, trade finance practitioners will welcome this new edition of Gutteridge and Megrah's classic work on documentary credits.' - Journal of International Banking Law'The discussion in the new edition of Gutteridge and Megrah is of high quality, combining accuracy of analysis with clarity of expression.' - Journal of International Maritime Law

• Preface. Table of cases. Table of statutes. Bibliography. 1. Bankers' commercial credits - mechanism and operation 2. The types of credit 3. Revocable and irrevocable credits 4. The legal aspects 5. Relationship between buyer and seller 6. Contractual relationships 7. Transmission of the benefit of a credit 8. The tender of documents under a credit 9. The bankers' security 10. The measure of damages for breach of the bankers' undertaking 11. Conflict of laws

'This is an important and authoritative contribution ... A study of this book will amply repay all who are interested in the subject, whether from a legal, banking, or academic point of view.' - Journal of the Institute of Bankers'It is an admirable and authoritative contribution to the field of the law and banking practice on which there is all to little of the printed word available and it is commended to those who would enlarge their knowledge of this field' - The Banker's Magazine'In short, trade finance practitioners will welcome this new edition of Gutteridge and Megrah's classic work on documentary credits.' - Journal of International Banking Law'The discussion in the new edition of Gutteridge and Megrah is of high quality, combining accuracy of analysis with clarity of expression.' - Journal of International Maritime Law

• Preface. Table of cases. Table of statutes. Bibliography. 1. Bankers' commercial credits - mechanism and operation 2. The types of credit 3. Revocable and irrevocable credits 4. The legal aspects 5. Relationship between buyer and seller 6. Contractual relationships 7. Transmission of the benefit of a credit 8. The tender of documents under a credit 9. The bankers' security 10. The measure of damages for breach of the bankers' undertaking 11. Conflict of laws

'This is an important and authoritative contribution ... A study of this book will amply repay all who are interested in the subject, whether from a legal, banking, or academic point of view.' - Journal of the Institute of Bankers'It is an admirable and authoritative contribution to the field of the law and banking practice on which there is all to little of the printed word available and it is commended to those who would enlarge their knowledge of this field' - The Banker's Magazine'In short, trade finance practitioners will welcome this new edition of Gutteridge and Megrah's classic work on documentary credits.' - Journal of International Banking Law'The discussion in the new edition of Gutteridge and Megrah is of high quality, combining accuracy of analysis with clarity of expression.' - Journal of International Maritime Law

• Preface. Table of cases. Table of statutes. Bibliography. 1. Bankers' commercial credits - mechanism and operation 2. The types of credit 3. Revocable and irrevocable credits 4. The legal aspects 5. Relationship between buyer and seller 6. Contractual relationships 7. Transmission of the benefit of a credit 8. The tender of documents under a credit 9. The bankers' security 10. The measure of damages for breach of the bankers' undertaking 11. Conflict of laws