THE ANALYSIS OF NATURE OF LETTER OF CREDIT

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AGHAMIRI S HASSAN

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Journal: TREND (TREND OF ECONOMIC RESEARCH) Year:2015 | Volume:22 | Issue:69 Page(s): 117-129

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Information Journal Paper

Title

THE ANALYSIS OF NATURE OF LETTER OF CREDIT

Author(s)

AGHAMIRI S HASSAN | Issue Writer Certificate

Keywords

LETTER OF CREDITQ1

NOVATIONQ2

HAVALEHQ2

DELEGATIONQ1

RELIANCE THEORYQ1

UNILATERAL UNDERTAKINGQ1

Abstract

The international payments methods are financial instruments and mechanisms through which the buyers of goods and services could de facto pay the cost of concerned transactions to sellers or suppliers. Utilization of these methods viz-a-viz facilitating the commercial deals, are always welcomed by trade activists. The LETTER OF CREDIT (LC) is one of the most prevailing methods of payment. Basically, using a method of payment is highly correlated with acquainting its nature and in turn its modus operandi. Thus in this paper, an attempt is made to specify the relation between the LETTER OF CREDIT and other legal institutions per se. In general, there are two approaches which analyze the nature of LETTER OF CREDIT. The first approach will study the LETTER OF CREDIT in the form of concerned contracts, while the second one will propose a new concept of it ipso facto.

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APA: Copy

AGHAMIRI, S HASSAN. (2015). THE ANALYSIS OF NATURE OF LETTER OF CREDIT. TREND (TREND OF ECONOMIC RESEARCH), 22(69), 117-129. SID. https://sid.ir/paper/202176/en

Vancouver: Copy

AGHAMIRI S HASSAN. THE ANALYSIS OF NATURE OF LETTER OF CREDIT. TREND (TREND OF ECONOMIC RESEARCH)[Internet]. 2015;22(69):117-129. Available from: https://sid.ir/paper/202176/en

IEEE: Copy

S HASSAN AGHAMIRI, “THE ANALYSIS OF NATURE OF LETTER OF CREDIT,” TREND (TREND OF ECONOMIC RESEARCH), vol. 22, no. 69, pp. 117–129, 2015, [Online]. Available: https://sid.ir/paper/202176/en

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