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The Official Commentary on The International Standby Practices is the authoritative rule-by-rule analysis of ISP98, authored by the drafters.

A must for those who work with standby letters of credit on a regular basis, The Official Commentary of The International Standby Practices is the first source that bankers, lawyers, corporates, consultants, academics, and other LC professionals turn to for guidance and explanation regarding ISP98.

Written by Professor James E. BYRNE and edited by James G. BARNES, each of the 89 rules of ISP98 is analyzed in depth, including context and implications.