Why use ISP98?

With the ever-increasing complexity required to use Commercial LCs, Guarantees and Standby LCs will play an increasing role in world commerce.

Learn how to make Guarantees and Standbys work for you and your business. The Institute offers seminars, conferences, webinars and online training, and publications to aid in your understanding. These products will break down the concepts into easy to understand guidelines you can use immediately in your organization

Contact IIBLP or your banker today for information about our offerings and increase your business' bottom line.

Guarantee & Standby Forum

The Guarantee & Standby Forum is designed to make an immediate impact on your business practices. You WILL walk away with the following:

• Increased understanding of names, terminology and laws governing your undertakings
• Learn what options are available if your undertaking will expire shortly
• Learn how Evergreen Clauses work, and how to identify and avoid potential pitfalls
• Understand and avoid Fraud or Abuse claims on your undertakings
• What to do if a Beneficiary is making an abusive drawing

ISP98 Products:

ISP98 Leaflet

ISP98 and UCP500 Comparison

LC Rules & Laws, 4th ed

The Comparison of UCP600 and UCP500

Introduction to ISP98 (DVD)

Understanding ISP98 (DVD)