The aim of this book is to present the Australian law of letters of credit and bank guarantees. It presents overseas literature as well because the subject is by nature international and comparative. Australian courts readily cite overseas literature, particularly from the United States, England and Canada; hence, the book focuses on the available Australian literature and utilizes some limited overseas authorities which make Australian law whole and the book more understandable.
-- From the Preface

Table of Contents

Introduction to Letters of Credit and Bank Guarantees
A Brief History and Sources of Law
Standby Letters of Credit and Bank Guarantees: Legal Nature and Functions
The Applicant-Beneficiary Relationship
The Issuer and the Applicant
The Issuer and the Beneficiary
Intermediary banks
Transmission of the Benefit of a Credit

APPENDIX 1: Uniform Customs and Practice for Documentary Credits (1993 Revision)
APPENDIX 2: eUCP: Supplement to UCP 500 for Electronic Presentation (Version 1.0)
APPENDIX 3: Uniform Rules for Demand Guarantees
APPENDIX 4: International Standby Practices 98
APPENDIX 5: United Nations Convention on Independent Guarantees and Stand-by Letters of Credit

Bibliography
References
Index

"Dr. Mugasha has written the definitive treatise on the Australian law of letters of credit and bank guarantees. Its practical focus and logical approach will enable the practising and scholarly lawyer alike to develop a thorough understanding of the operation of these two instruments."
-- Ethos (Law Society of the ACT), September 2003