The following is excerpted from an 8 April 2013 article by the International Chamber of Commerce.
The International Chamber of Commerce’s (ICC) publication entitled The Law of Letters of Credit in China: Commentary and Materials on the Chinese Supreme People’s Court’s Judicial Interpretations of Letters of Credit (LC) offers immense help to anyone doing export/import business in China.
The publication, based on over 500 court case decisions, provides detailed commentary, in-depth explanations and critical analyses that help shed light on how Chinese LC disputes are resolved and the judicial interpretations that define China’s LC system.
This article is available in its entirety at:
http://www.iccwbo.org/News/Articles/2013/ICC-publishes-guide-to-letter-of-credit-law-in-China/