Published: 2017-04-05

Documentary letter of credit on the basis of Uniform Customs and Practice for Documentary Credits No. 600

Aleksander Szpojankowski
"Młody Jurysta" Czasopismo Studentów i Doktorantów Wydziału Prawa i Administracji UKSW
Section: Artykuły
https://doi.org/10.21697/mj.2017.1.02

Abstract

The increasing role of globalization and international trade, generate the need for creating a secure method of funding transnational transactions. For this reason the instrument of documentary letter of credit was constructed. Documentary letter of credit allows entrepreneurs to secure financing international transactions. In the article documentary letter of credit has been presented on the basis of a universal standard, issued in 2007 by the International Chamber of Commerce in Paris, the Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600 taking into account the types of letters of credit, the rules according to which it is used and the exceptions to it.

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Szpojankowski, A. (2017). Documentary letter of credit on the basis of Uniform Customs and Practice for Documentary Credits No. 600. "Młody Jurysta" Czasopismo Studentów I Doktorantów Wydziału Prawa I Administracji UKSW, (1), 15–31. https://doi.org/10.21697/mj.2017.1.02

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