UCP 600: Uniform Customs and Practice for Documentary Credits - The internationally recognized rules governing the operation of Letters of Credit, providing standardized practices and interpretations
Singapore Bills of Exchange Act: Chapter 23 of Singapore Laws - Governs negotiable instruments including certain aspects of Letters of Credit and related banking instruments
Banking Act: Chapter 19 of Singapore Laws - Regulates banking institutions and their operations, including the issuance of Letters of Credit
Electronic Transactions Act: Singapore legislation governing electronic transactions, relevant for electronic Letters of Credit and digital documentation
MAS Guidelines: Monetary Authority of Singapore's specific guidelines on Letters of Credit operations and compliance requirements
AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations that must be considered in Letter of Credit transactions
International Arbitration Act: Singapore legislation governing international arbitration, relevant for dispute resolution in Letter of Credit transactions
ISBP: International Standard Banking Practice - Detailed guidelines for examining Letter of Credit documents
Independence Principle: Legal principle stating that Letters of Credit are independent from the underlying commercial contract
Strict Compliance Doctrine: Legal principle requiring exact compliance with Letter of Credit terms and conditions for payment
ICC Rules: International Chamber of Commerce rules and guidelines for international banking operations including Letters of Credit
Force Majeure Provisions: Legal provisions dealing with unforeseeable circumstances that prevent fulfillment of Letter of Credit obligations
Fraud Exception: Legal principle allowing banks to refuse payment under Letters of Credit in cases of proven fraud
