COMPARING LEGAL ASPECTS OF LETTERS OF CREDIT AND BANK PAYMENT OBLIGATION

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SADEGHI MOHSEN; SOLEYMANZADEH SAMIRA

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Journal: PRIVATE LAW STUDIES Year:2018 | Volume:47 | Issue:4 Page(s): 647-666

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Information Journal Paper

Title

COMPARING LEGAL ASPECTS OF LETTERS OF CREDIT AND BANK PAYMENT OBLIGATION

Author(s)

SADEGHI MOHSEN | SOLEYMANZADEH SAMIRA | Issue Writer Certificate

Keywords

BANK PAYMENT OBLIGATIONQ1

ELECTRONIC TRADEQ2

EUCPQ1

LETTERS OF CREDITQ1

UCPQ1

URBPOQ1

Abstract

Among the different means of ELECTRONIC TRADE, letter of credit is being paid attention more because of its frequent use. Nonetheless, with the emergence of BANK PAYMENT OBLIGATION in 2013, the question about their differences and hesitation on their use and scope have made the lawyer's mind busy. This paper is to explain the differences and clarify the scope and use of each of these means to cover the lack of research in this field. The research eventually concludes that according to the difference of use and construction of credit letter and BANK PAYMENT OBLIGATION, and the differences in legal relations exist in them, each is particular to special groups of business men and their deals, which is useful in their situation, and are used separately rather than alternatively.

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APA: Copy

SADEGHI, MOHSEN, & SOLEYMANZADEH, SAMIRA. (2018). COMPARING LEGAL ASPECTS OF LETTERS OF CREDIT AND BANK PAYMENT OBLIGATION. PRIVATE LAW STUDIES, 47(4 ), 647-666. SID. https://sid.ir/paper/125035/en

Vancouver: Copy

SADEGHI MOHSEN, SOLEYMANZADEH SAMIRA. COMPARING LEGAL ASPECTS OF LETTERS OF CREDIT AND BANK PAYMENT OBLIGATION. PRIVATE LAW STUDIES[Internet]. 2018;47(4 ):647-666. Available from: https://sid.ir/paper/125035/en

IEEE: Copy

MOHSEN SADEGHI, and SAMIRA SOLEYMANZADEH, “COMPARING LEGAL ASPECTS OF LETTERS OF CREDIT AND BANK PAYMENT OBLIGATION,” PRIVATE LAW STUDIES, vol. 47, no. 4 , pp. 647–666, 2018, [Online]. Available: https://sid.ir/paper/125035/en

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