International Standard Banking Practice

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International Standard Banking Practice (ISBP)

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International Standard Banking Practice (ISBP)

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Published by
International Chamber of Commerce
Publication Date
July 2013
2013 Edition

This revised guide details banking practices to be applied when working with documentary credits that are subject to Uniform Customs and Practice for Documentary Credits, UCP 600 - ICC’s most recent rulebook on documentary credits used for letter of credit transactions worldwide.

This new edition of ISBP does not amend UCP 600 but moreover demonstrates how its principles and content should be integrated into day-to-day practice. It achieves this by providing readers with detailed practices to be considered and applied when working with different trade documents including invoices, transport documents, insurance documents, and certificates of origin. It also provides coverage of documents which are not specifically mentioned in UCP.

New to this edition

The 2013 edition of ISBP covers, among others, practices identified from Opinions approved by ICC national committees since 2007, and also features the following documents which were not previously covered.

  • Packing list
  • Weight list
  • Beneficiary certificate
  • Non-negotiable sea waybill
  • Analysis, Inspection, Health, Phytosanitary, Quantity and Quality certificates

This latest publication is the first complete revision of the ISBP guide, which was first approved and published by the ICC Banking Commission in 2002, following an update in 2007. It replaces the previous edition (ISBN: 9789284200191) 

Online Shop | International Chamber of Commerce (ICC) Publications  | Letters of Credit - UCP 600 Series |  International Standard Banking Practice

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