Introductory Aspects of the Letter of Credit (Aspectos Introductorios al Crédito Documentario) (Spanish)
Maximiliano Rodríguez Fernández
affiliation not provided to SSRN
Ligia Catherine Arias Barrera
Universidad Externado de Colombia
October 24, 2009
Revist@ e-Mercatoria, Vol. 8, No. 1, 2009
In international trade one of the most important issues is the adoption of legal instruments that provide adequate security and guarantee to the parties that the agreements executed by them are to be fulfilled. Letters of credit are considered to be the instruments that achieve such purpose. This article goes through the most important characteristics and issues regarding the implementation of letters of credits into international trade agreements, both from the legislative and judiciary point of view as it has been dealt with by the most important legal doctrine.
Number of Pages in PDF File: 42
Keywords: Letter of credit, Documentary Credits, Stand By Letters of Credit, UCP Rules, International Chamber of Commerce, ISP 98 Rules, International Market, International contracts
JEL Classification: K33, K12
Date posted: October 25, 2009
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