PAYMENT MECHANISM OF INDEPENDENT BANK GUARANTEES AND THEIR DOCUMENTARY
 NATURE

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

SHAHBAZI NIA M.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: MODARRES HUMAN SCIENCES Year:2004 | Volume: | Issue: Page(s): 0-0

Download Full-Text

Persian Verion

View:

3,332

Download:

Cites:

Information Journal Paper

Title

PAYMENT MECHANISM OF INDEPENDENT BANK GUARANTEES AND THEIR DOCUMENTARY NATURE

Author(s)

SHAHBAZI NIA M. | Issue Writer Certificate

Keywords

BANK GUARANTEEQ4

CONDITIONS OF PAYMENTQ4

DOCUMENTARY NATUREQ4

FIRST DEMANDQ4

GUARANTOR/ISSUING BANKQ4

UNDERLYING CONTRACTQ4

Abstract

The Condition of payment form the heart of the guarantee. They determine the actual benefits for the beneficiary and the risk exposure for the account party/principal debtor. For example, it is the clause that payment will be made on the beneficiarys FIRST DEMANDwithout any proof of default that renders this particular guarantee totally different from the traditional or accessory guarantee. On the other, aguarantee payable upon submission of an arbitral or court decision is in substance hardly different from the contract of accessory guarantee. While different as regards the degree of default, all CONDITIONS OF PAYMENT share a common characteristic, namely their documentarynature. All of them require the submission of documents and the banks duty is confined to examining whether these documents comply with the documents prescribed in the guarantee. It is this DOCUMENTARY NATURE of the CONDITIONS OF PAYMENT, which enables the bank to perform its function

Cites

THE CONCEPT OF DOCTRINE OF STRICT COMPLIANCE OF DOCUMENTS IN LETTER OF CREDIT WITH EMPHASIS ON COMMERCIAL INVOICE

References

No record.

Cite

APA: Copy

SHAHBAZI NIA, M.. (2004). PAYMENT MECHANISM OF INDEPENDENT BANK GUARANTEES AND THEIR DOCUMENTARY NATURE . MODARRES HUMAN SCIENCES, 8(3 (TOME 34)), 0-0. SID. https://sid.ir/paper/357089/en

Vancouver: Copy

SHAHBAZI NIA M.. PAYMENT MECHANISM OF INDEPENDENT BANK GUARANTEES AND THEIR DOCUMENTARY NATURE . MODARRES HUMAN SCIENCES[Internet]. 2004;8(3 (TOME 34)):0-0. Available from: https://sid.ir/paper/357089/en

IEEE: Copy

M. SHAHBAZI NIA, “PAYMENT MECHANISM OF INDEPENDENT BANK GUARANTEES AND THEIR DOCUMENTARY NATURE ,” MODARRES HUMAN SCIENCES, vol. 8, no. 3 (TOME 34), pp. 0–0, 2004, [Online]. Available: https://sid.ir/paper/357089/en

Related Journal Papers