Work

The Legal Relations in Documentary Letter of Credit Transaction

Year: 2025

Type: article

Abstract: In this paper we will analyze the legal relations inherent in the letter of credit transaction, a crucial financial instrument in international trade. Letter of credit, regulated primarily by the Uniform Customs and Practice for Documentary Credits (UCP) provide security for both buyers and sellers by ensuring payment upon the presentation of stipulated documents. This research contributes to a deeper understanding of the complex legal relations and the roles of main parties involved, uncluding the buyer, seller, issuing bank and confirming bank, and analyzes their rights and obligations under the UCP.

Source: Ekonomski signali

DOI: 10.5937/ekonsig2501027s

Author: Savić Kristina

Institution: University of Prishtina

Language: English

Topic: Law, logistics, and international trade

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

Funder: Ministarstvo Prosvete, Nauke i Tehnološkog Razvoja