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Letters of Credit Under International Trade Law: UCC, UCP and Law Merchant. By Matti Kurkela. (New York, London, Rome: Oceana Publications, Inc., 1985. Pp. xiii, 517. Index. $75.)

Published online by Cambridge University Press:  27 February 2017

Stephen Zamora
Stephen Zamora*
Affiliation:
University of Houston Law Center
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Type
Briefer Notices
Information
American Journal of International Law , Volume 80 , Issue 3 , July 1986 , pp. 776 - 777
Copyright
Copyright © American Society of International Law 1986

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References

1 The author focuses his discussion primarily on the decisions of courts in the United States, although his references to secondary sources are broader.

2 The author prefers to view the letter of credit as consisting of two sets of contractual obligations: one involving a three-party contract among the customer, the issuing bank and the advising (or confirming) bank; and the other involving a contract between the beneficiary and the issuing bank (with the confirming bank added as a third party).