The Letter Of Credit Fraud And Its Relief

The letter of credit has become international finance and trade realm to adopt extensively of the importance pay means.Although the letter of credit has bank credit as assurance that the selling party accepts to remit, it can't with evade risk to row mark of equality.The letter of credit law should keep to the intelligent response dint of the business reality, wanting to reflect the habit way of doing and reasonable expectation that the international bank and the business field develop particularly.The court also wants with a kind of and above-mentioned habit way of doing and reasonable expectation mutually moderate of position to comprehend.Because the core principle of the letter of credit-independently abstract sex principle it limits sex, easily drive international trade in of cheat make use of.In recent years, the letter of credit in the international trade cheats multifarious occurrence of case, the letter of credit cheats the quantity that the case concern more and more huge, this make relevant import and export the party concerned of the benefits was subjected to tremendous damage, also disturbing normal trade order.At the our country, along with foreign trade of pass to increase year by year, concerning the judicial case example of the letter of credit also Be increasing continuously.Cheat to the letter of credit of because of,the research of the category and way, to how guard against a letter of credit to cheat an aggressive function in the actual situation.Should follow the bargain principle of the letter of credit strictly in the letter of credit business open the exhibition, the party concerned of the import and export at the same time should the norm letter of credit operation, be familiar with the category method that the letter of credit cheat, then adopt to guard against measure effectively, suppress the occurrence that the letter of credit cheat.The letter of credit cheats the theories of the exception system, and the letter of credit cheat of judicatory succour problem, hope to have to be a first step of quest.Borrow with the lawmaking and the judicatory problem that inquiries into China to cheat aspect in the letter of credit.