Since the documentary credits were the most widely used in the
field of international commerce, as to ensure the execution of
international sales contracts, the question, of the legal nature of the
two categories of documentary credits : Simple (w
hich did not
stipulate to be transferable) and the transferable one, is extremely
important.
To illustrate the special nature of documentary credit, it is
necessary to differentiate between the documentary credit simple
and other similar operations: as letter of guarantee, standby Credit
and documentary collection, and between the transferable
documentary credit and the other similar operations as assignment
of right, back to back credit and other specific credits.
