- 영문명
- A Proposal for Establishing Examination Criteria of Insurance Documents under the International Standard Banking Practice (ISBP) 745
- 발행기관
- 한국무역연구원
- 저자명
- 전순환(Soon-Hwan Jeon)
- 간행물 정보
- 『무역연구』제12권 제5호, 207~225쪽, 전체 19쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2016.10.30

국문 초록
영문 초록
The International Standard Banking Practice for the Examination of Documents under documentary credits (hereinafter referred to as “ISBP 745”) was revised by the ICC (International Chamber of Commerce) Banking Commission on April 17, 2013. This new revised version of ISBP called ISBP 745 presents a lot of guidelines involving draft and shipping documents including insurance documents. These shipping documents stated in the
ISBP 745, especially insurance documents, are documents necessary for presentation to the issuing bank when the beneficiary (called the seller) makes a contract for the sale of goods with the applicant (called the buyer) on CIF or CIP basis. It is anticipated that this new version would most likely cause disputes due to discrepancies of the documents with the terms and conditions of the credit if the practitioners such as bankers, buyers and sellers related to the letter of credit transaction do not know the provisions of UCP 600 and ISBP 745. Therefore, the purpose of this paper is to reduce the disputes occurred in the credit transaction by providing a proposal establishing the examination criteria of insurance documents provided in ISBP 745.
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