CEU eTD Collection (2007); Kazmierczyk, Krzysztof: Letter of Credit as a Security Device in International Trade. What Will Change under the Uniform Customs and Practice 600?

CEU Electronic Theses and Dissertations, 2007
Author Kazmierczyk, Krzysztof
Title Letter of Credit as a Security Device in International Trade. What Will Change under the Uniform Customs and Practice 600?
Summary The focus of this paper is on security function of letters of credit. By way of comparison of various faces of this function across the globe the paper introduces to issues that may arise in connection with the use of letters of credit. One of the threats to commercial parties is discrepancy in the presented documents which frustrates the security payment function of documentary credits. Another, more complex issue is connected to the use of bills of exchange in connection with letters of credit. It is shown in this paper how these and some other issues are addressed in the new UCP 600.
Supervisor Tajti Tibor
Department Legal Studies LLM
Full texthttps://www.etd.ceu.edu/2007/kazmierczyk_krzysztof.pdf

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