The Effect Of Force Majeure On The Implementation Of The Documentary Credit Contract

Authors

  • Younes Sarem Tishreen University
  • Salman Othman

Abstract

International trade contracts are considered one of the most important topics of international law, because they are reflected on the economies of all countries, and that they are of the successive contracts, where goods take time to cross the borders of more than one country, which makes them exposed to risks.

And since the documentary credit is one of the international trade contracts for its role in providing guarantee for the international sales, It is also one of the most capable means that the modern era has known in contributing to the completion of international trade deals, one the most important banking operations in the world, one of the most used tools of payment in international trade, and for its success as a fast-performing and low-cost tool, and since the documentary credit contract has a number of stages until it reaches its goal, this process may be hampered by unexpected events that are independent of the will of the debtor and affect the implementation making it either impossible as force majeure, or exhausting for debtor while remaining possible; as emergency circumstance.

Author Biography

Younes Sarem, Tishreen University

 Postgrduate Student. Section Of International Law. Faculty Of Law

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Published

2020-11-16

How to Cite

1.
صارم ي, عثمان س. The Effect Of Force Majeure On The Implementation Of The Documentary Credit Contract. Tuj-econ [Internet]. 2020Nov.16 [cited 2024Dec.26];42(5). Available from: https://journal.tishreen.edu.sy/index.php/econlaw/article/view/10115

Issue

Vol. 42 No. 5 (2020): Tishreen University Journal for Research and Scientific Studies -Economic and Legal Sciences

Section

Articles

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