Learn the best practices when dealing with an SBLC and how to avoid common problems that may arise.
This topic will address when a standby letter of credit is the right choice and best practices when using them. The information will discuss what issues to spot and how to avoid common problems. This topic will also provide information on how to draft a better standby letter of credit from the standpoint of the issuer, the applicant, and the beneficiary. The material will look at prevention or reduced litigation exposure in letter of credit transactions and the difference between confirmation and advice. After reviewing this information, you will be knowledgeable in how to get a foreign letter of credit confirmed and what laws, rules, and jurisdiction should govern a standby letter of credit.
Agenda
Faculty
Carter H. Klein
Jenner & Block LLP
- Of Counsel at Jenner & Block LLP's Chicago office where he has practiced for 47 years
- Practice concentrates on letters of credit, payments, collateral issues, and sales of assets
- ABA UCC Liaison to the Permanent Editorial Board of the Uniform Commercial Code
- Former Chair of ABA’s Letter of Credit Subcommittee and Payments Subcommittee
- Co-wrote three books on the Uniform Commercial Code for West Publications
- Letter of Credit Attorney of the Year by the Institute of International Banking Law & Practice
- Can be contacted at 312-923-2950 or [email protected]
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