ISP98 definition

ISP98 means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce Publication No. 590.
ISP98 means the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).
ISP98 has the meaning set forth in Section 2.03(h).

Examples of ISP98 in a sentence

  • Except so far as otherwise stated, this Letter of Credit is subject to the International Standby Practices ISP98 (also known as ICC Publication No. 590), or revision currently in effect (the “ISP”).

  • Except to the extent it is inconsistent with the express terms of this Letter of Credit, this Letter of Credit is subject to the International Standby Practices 98 (ISP98), ICC Publication No.

  • Matters not addressed by ISP98 shall be governed by the laws of the state of New York.

  • THIS LETTER OF CREDIT IS IRREVOCABLE and is governed by International Standby Practices ISP98, International Chamber of Commerce Publication No. 590, or such subsequent publication as may be in effect on the date of issuance of this letter of credit (“ISP98”) and, as to matters not expressly covered by ISP98, shall be governed by and construed in accordance with the laws of the State of Florida.

  • Any transfer made hereunder must conform to the terms hereof and to the conditions of rule 6 of the international standby practices (ISP98) fixed by the international chamber of commerce, publication No. 590.


More Definitions of ISP98

ISP98 means the “International Standby Practices 1998” published by the International Chamber of Commerce in ICC publication No. 590 (1998), or such later version thereof as may be in effect at the time of issuance of a Letter of Credit stated to be governed by the ISP98.
ISP98 means the International Standby Practices ISP98, as published by the International Chamber of Commerce and in effect from time to time.
ISP98 has the meaning provided in Section 3.02(g)(iii) (Letters of Credit).
ISP98 means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce Publication No. 590, and any successor publication by the International Chamber of Commerce (or any successor organization thereto).
ISP98 has the meaning specified in Section 8.09.
ISP98 means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of Commerce PublicationNo. 590.
ISP98 as defined in Section 3.3(g).