UCP 600: Uniform Customs and Practice for Documentary Credits - The primary international rules governing the operation of Letters of Credit, published by the International Chamber of Commerce

ISBP 745: International Standard Banking Practice - Detailed guidelines for examining documents under UCP 600

URR 725: Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits - Rules governing the reimbursement aspects of Letter of Credit transactions

Bills of Exchange Act 1882: UK legislation governing negotiable instruments, including bills of exchange which are often used in Letter of Credit transactions

Sale of Goods Act 1979: UK legislation governing contracts for the sale of goods, relevant for the underlying transaction in Letter of Credit arrangements

Unfair Contract Terms Act 1977: UK legislation controlling the use of unfair terms in contracts, applicable to Letter of Credit agreements

Contracts (Rights of Third Parties) Act 1999: UK legislation governing third party rights in contracts, relevant for beneficiaries in Letter of Credit transactions

Fraud Act 2006: UK legislation relevant for addressing fraudulent activities in Letter of Credit transactions

Doctrine of Strict Compliance: Common law principle requiring exact compliance with Letter of Credit terms and conditions

Autonomy Principle: Common law principle establishing that Letters of Credit are independent from the underlying commercial contract

Incoterms 2020: International Commercial Terms defining responsibilities of buyers and sellers in international trade transactions

Financial Services and Markets Act 2000: UK legislation regulating financial services and markets, including banking activities related to Letters of Credit

Money Laundering Regulations 2017: UK regulations for preventing money laundering, applicable to Letter of Credit transactions

UK Sanctions Regulations: Regulations governing international trade restrictions and sanctions that may affect Letter of Credit transactions