UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of letters of credit
ISP98: International Standby Practices - Specific rules governing standby letters of credit
Bills of Exchange Act 1882: UK legislation governing negotiable instruments and bills of exchange, relevant to letters of credit
URR 725: Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits - Rules governing reimbursement arrangements between banks
Sale of Goods Act 1979: UK legislation governing the sale of goods, which often underlies the commercial transaction secured by the letter of credit
Contracts (Rights of Third Parties) Act 1999: UK legislation determining third party rights in contractual arrangements
Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts
Financial Services and Markets Act 2000: Primary UK legislation regulating financial services and markets
Financial Services Act 2012: UK legislation amending financial services regulation and including provisions on banking reform
Incoterms 2020: International trade terms defining responsibilities of buyers and sellers in international transactions
Common Law Doctrine of Strict Compliance: Legal principle requiring exact compliance with letter of credit terms
Autonomy Principle: Legal principle establishing that letters of credit are independent from the underlying commercial transaction
Money Laundering Regulations 2017: UK regulations implementing anti-money laundering requirements
Proceeds of Crime Act 2002: UK legislation dealing with money laundering and proceeds of crime
