Provisions on Several Issues Concerning the Trial of Letter of Credit Disputes

关于审理信用证纠纷案件若干问题的规定

The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.

(Promulgated by the Supreme People's Court on November 14 2005 and effective as of January 1 2006.)

(最高人民法院于二零零五年十一月十四日公布，自二零零六年一月一日起施行。)

SPC Interpretation [2005] No.13

法释 [2005] 13号

These Provisions on issues relevant to the trial of letter of credit disputes have been formulated pursuant to such laws as the PRC Civil Law General Principles, the PRC Contract Law, the PRC Security Law, the PRC Civil Procedure Law (2nd Revision), etc., with reference to relevant international practice, such as the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce, while taking into account trial practice.

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