Sea transport documents in banks’ hands: bridging the UCP with commercial shipping law
Sea transport documents in banks’ hands: bridging the UCP with commercial shipping law
This chapter bridges the most widely used international standard banking practice with the codification of commercial shipping law. It starts from observing the close interactions among commercial entities, banks and shipping industries, highlighting that an integral view needs to be taken in the process of codification. It then goes on to excavate the successful story behind the Uniform Customs and Practice for Documentary Credits (UCP), as a set of codified rules adopted by every single bank in the world for the operation of documentary credits, analysing what experience can be learnt for shipping unification. Lastly but most importantly, the author examines the deficiencies of the UCP in terms of their shipping provisions and further highlight the avoidable and unavoidable problems in the process of codification and unification
Zhang, Jingbo
e8b341f5-8100-400b-aa31-dc6dea7dc16d
Pepłowska-Dąbrowska, Zuzanna
2020
Zhang, Jingbo
e8b341f5-8100-400b-aa31-dc6dea7dc16d
Pepłowska-Dąbrowska, Zuzanna
Zhang, Jingbo
(2020)
Sea transport documents in banks’ hands: bridging the UCP with commercial shipping law.
In,
Pepłowska-Dąbrowska, Zuzanna and Nawrot, Justyna
(eds.)
Codification of Maritime Law: Challenges, Possibilities and Experience.
1st ed.
Informa Law.
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Book Section
Abstract
This chapter bridges the most widely used international standard banking practice with the codification of commercial shipping law. It starts from observing the close interactions among commercial entities, banks and shipping industries, highlighting that an integral view needs to be taken in the process of codification. It then goes on to excavate the successful story behind the Uniform Customs and Practice for Documentary Credits (UCP), as a set of codified rules adopted by every single bank in the world for the operation of documentary credits, analysing what experience can be learnt for shipping unification. Lastly but most importantly, the author examines the deficiencies of the UCP in terms of their shipping provisions and further highlight the avoidable and unavoidable problems in the process of codification and unification
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Jingbo Zhang - Sea Transport Documents in Banks’ Hands
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Accepted/In Press date: 2019
Published date: 2020
Identifiers
Local EPrints ID: 436195
URI: http://eprints.soton.ac.uk/id/eprint/436195
PURE UUID: 52b47968-9aee-41e2-a84f-882deda47a92
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Date deposited: 03 Dec 2019 17:30
Last modified: 16 Mar 2024 05:28
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Contributors
Editor:
Zuzanna Pepłowska-Dąbrowska
Editor:
Justyna Nawrot
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