Counterplan Research Against Letter Of Credit Fraud

The letter of credit(L/C) is a great unprecedented undertaking of the international trade balance of accounts method development history, having the good reputation of "the creation of the commercial genius", "the life-blood of international commerce", comparing to resolve the international trade goodly in the business both parties' commercial prestige crisis problem, promoted international trade develop rapidly biggest. But because letter of credit itself has the independence abstract and the single card strictly tallies the characteristic, as well as the bank settles exchange in the letter of credit only for a superficial review of the document, rather than investigate the goods, enables some illegal merchants to have an opportunity, carries on fraud using letter of credit this characteristic. In this kind of situation, the remediable counterplan of the letter of credit fraud — the exceptional theory of the letter of credit fraud which emerges at the historic moment. However, have many problems to still be placed in the rift in the middle, such as: To "fraud" how does science affirm accurately? How carries on the protection to the good intentions third person? That the third people do cheat whether be suitable for the letter of credit fraud exception? Come up to see from the law system, the legislation nearly is a piece of blank about the letter of credit transaction and the fraud question on international. Therefore, to study the letter of credit fraud counterplan, and to improve and perfect relevant laws and regulations, and to establish a relatively complete system of the letter of credit to stop payment and the counter- letter of credit fraud operation mechanism, and to carry on the judicial relief promptly effectively, is a current urgent task.