Ensuring Current and Informed Use of the International Standby Practices 

    In order to ensure that the International Standby Practices (ISP98) remain current with standards in international standby and guarantee law and practice, the Council on International Standby Practices (CISP) has begun issuing Official Interpretations on ISP98 articles. These Official Interpretations will address questions that face practitioners preparing to undertake a standby or demand guarantee subject to ISP98. Bookmark this page to check in for regular updates.