Documentary credit risks and guarantees

Authors

  • Etemad Marhi Tishreen University
  • Salman Othman Tishreen University

Abstract

Documentary credit is considered the most widely used technology in financing foreign trade operations due to its characteristics that guarantee the rights of contracting parties to documentary credits and is a method invented by the international community , to reduce the risk of non- implementation or mis-execution of international sales contracts , These contracts are usually concluded between people who lack trust , where the documentary credit appeared to guarantee both the seller and the buyer what it aims for in terms of protection and to pay the risks that each of them may be exposed to , although documentary credits are considered one of the most important banking operations and play an effective and vital role in the field of foreign trade this does not negate the existence of risks , whether at the level of the issuer the beneficiary , or even the bank , This research came to shed light on the most important risks that the parties to a documentary credit may be exposed to the order to open the credit , the beneficiary , the bank and to explain the guarantees that can limit and reduce these risks

Downloads

Published

2024-04-08

How to Cite

1.
مرعي ا, سلمان عثمان. Documentary credit risks and guarantees. Tuj-econ [Internet]. 2024Apr.8 [cited 2024Nov.25];46(1):317-34. Available from: https://journal.tishreen.edu.sy/index.php/econlaw/article/view/16343

Issue

Vol. 46 No. 1 (2024): Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

Section

Master student researches

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.