Study On The Crime Of Fraud On Letter Of Credit

The fraud on letter of credit is a fraud which occurred in the field of international finance.whose tool is the letter of credit.The emphasis of this article is to analyse this crime from its legislation background,composing and character,judicial cognizance and criminally punishment and so on.The chief object infringe upon by crime of fraud on letter of credit is supervising system of letter of credit,and ownership of public or private property is only a selective object. Although there is no the description of "for the purpose of illegal possession" in the fads about the crime,the crime can not be tenable without the purpose.On the other hand,the crime of fraud on letter of credit leaves from common fraud crime,which is a crime for the purpose of illegal possession with direct intent.On some occasion,there is a division of accomplished cffense and unaccomplished offense in crime of fraud on letter of crfdit.The act of counterfeiting a letter of credit and using it afterwards,and the act of using a noneffective credit,and the act of defrauding a bank to open a credit or using fraudulent clause in credit somewhat should be punished seriously by our country's criminal law.