The Expansion of Electronic Letters of Credit in International Trade: Challenges and Solutions

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SADEGHI NESHAT AMIR; Baqerinia Hossein

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Journal: COMPARATIVE LAW REVIEW Year:2020 | Volume:10 | Issue:2 Page(s): 527-546

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Information Journal Paper

Title

The Expansion of Electronic Letters of Credit in International Trade: Challenges and Solutions

Author(s)

SADEGHI NESHAT AMIR | Baqerinia Hossein | Issue Writer Certificate

Keywords

Electronic Letters of CreditQ1

e-UCPQ1

Cloud ComputingQ2

International TradeQ1

Electronic CommerceQ1

Abstract

Today, paper-based letters of credit are common, despite the expansion of modern technology and communication. By considering the latest achievements in communication technology, and to slow-down the decreasing popularity of documentary credits, the International Chamber of Commerce (ICC) ratified the Uniform Customs and Practices for Electronic Documentary Credits (e-UCP) to encourage traders and bankers to employ Electronic Letters of Credits (e-LCs). However, the current technical and legal problems of e-UCP have made the e-LCs useless in International Trade. The current study presents a comparative analyses of e-LCs, in order to find the barriers of e-LCs expansion in International Trade by using Cloud Computing and by presenting an amendment to the e-UCP.

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APA: Copy

SADEGHI NESHAT, AMIR, & Baqerinia, Hossein. (2020). The Expansion of Electronic Letters of Credit in International Trade: Challenges and Solutions. COMPARATIVE LAW REVIEW, 10(2 ), 527-546. SID. https://sid.ir/paper/246417/en

Vancouver: Copy

SADEGHI NESHAT AMIR, Baqerinia Hossein. The Expansion of Electronic Letters of Credit in International Trade: Challenges and Solutions. COMPARATIVE LAW REVIEW[Internet]. 2020;10(2 ):527-546. Available from: https://sid.ir/paper/246417/en

IEEE: Copy

AMIR SADEGHI NESHAT, and Hossein Baqerinia, “The Expansion of Electronic Letters of Credit in International Trade: Challenges and Solutions,” COMPARATIVE LAW REVIEW, vol. 10, no. 2 , pp. 527–546, 2020, [Online]. Available: https://sid.ir/paper/246417/en

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