Contributions to this indispensable reference book were provided by leading experts from around the world, resulting in a systematic compilation of all relevant letter of credit articles (LC), cases and rules for the year 2004. Important developments in the formulation of banking practice and its interpretation for the same year are also included in the annual survey.

The annual survey publications cover the trends of a weakened world economy and its impact on the dampened number of bank mergers, mandate mergers and expansion of regional banks outside the U.S. They also encompass the unification of European Banking with the emergence of the Euro as a viable currency and their collective impact on LCs and its transformation of the banking industry.

Gathered under one hard-bound cover, the 2005 Annual Survey of Letter of Credit Law & Practice contains all the year's critical LC information and is conveniently indexed for ease of reference.

Contents include:

• Comprehensive overview article of year 2004 LC Law & Practice, plus 13 other articles;
  
• 7 Reports on LC practice including the UCP revision, ISBP and ISP09 practice trends;
  
• In-depth analysis of Rabobank v. Bank of China LC case, plus 74 summaries of other LC cases from Australia, Canada, China, England, Hong Kong, Korea, Singapore and the U.S;
  
• Full text of DBJJJ, Inc. v. National City Bank and the 2004 UNCITRAL Colloquium on International Commercial Fraud;
  
• Cumulative index, from "Acceptance" to "Wrongful Honor" and all terms in between.

The 2005 Annual Survey of Letter of Credit Law & Practice includes all the year's key letter of credit articles, summaries of all major cases, including both U.S. and non-U.S., full text of pivotal LC cases, significant briefs, and other major LC works.

2005 Annual Survey of Letter of Credit Law & Practice can be purchased online from the ICC bookstore at www.iccbooks.com or from ICC national committees around the world.