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The legal rules governing transferable letter of credit

الأحكام القانونية الناظمة للاعتمادات المستندية القابلة للتحويل

1366   2   18   0.0 ( 0 )
 Publication date 2018
  fields Law
and research's language is العربية
 Created by Shamra Editor




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Throughout this research we will study the legal rules governing the transferable letter of credit according to the following plan: The first chapter: The items of transferable letter of credit. The second chapter: The mechanism of transferable letter of credit.

References used
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alsieayd, samah yusif 'iismaeil, 2007- alealaqa altaeaqudia bayn 'atraf eaqd alaietimad almustandi, jamieat alnajah alwataniati, kuliyat aldirasat aleulya , filastin, nabulus, 167 safhat
alsiysiiy, salah aldiyn husun, 2004- qadaya masrafiat mueasirat, alaitiman almusrifiu, aldamanat almasrafiatu, alaietimadat almustandiatu. altibeat al'uwalaa, dar alfikr alearabiu, alqahiratu, 310safhat.an
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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.
This study aims to shed the light on the threats that facing the commercial banks dealing with the Documentary Credits, and the affect of the ICC Uniform Customs and Practice for Documentary Credits (UCP 600) in reducing these threats.
The unification of legal rules of the international trade has been achieved by different means. The academics and the concerned people have been very actives in introducing some legal and practical propositions to unify the rule of international t rade. The different proposition of the academics transferred to became international or regional treaties, international customs and practices and / or model contracts issued by international organizations (such as the Unified Rule for Documentary Credit that were issued by International Chamber of Commerce and the Joint "Venture" model agreement the was issued by (UNCITRA).
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