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Introductory Aspects of the Letter of Credit (Aspectos Introductorios al Crédito Documentario) (Spanish)

Revist@ e-Mercatoria, Vol. 8, No. 1, 2009

42 Pages Posted: 25 Oct 2009  

Maximiliano Rodríguez Fernández

affiliation not provided to SSRN

Ligia Catherine Arias Barrera

Universidad Externado de Colombia

Date Written: October 24, 2009

Abstract

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.

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

Suggested Citation

Rodríguez Fernández, Maximiliano and Arias Barrera, Ligia Catherine, Introductory Aspects of the Letter of Credit (Aspectos Introductorios al Crédito Documentario) (Spanish) (October 24, 2009). Revist@ e-Mercatoria, Vol. 8, No. 1, 2009. Available at SSRN: https://ssrn.com/abstract=1493741

Maximiliano Rodríguez Fernández (Contact Author)

affiliation not provided to SSRN ( email )

Ligia Arias Barrera

Universidad Externado de Colombia ( email )

Calle 12 # 1-17 este
Calle 12 0 83
Bogota D.C, Cundinamarca 3456
Colombia

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