Under The Ucp600 And Letter Of Credit Risk Legal Issues

The paper explores the main legal issues raised by the letter of credit, Discussed the letter of credit fraud,"Fraud exception"system theory and judicial relief, as well as the letter of credit application of the law jurisdictions and their theories. By letter of credit is a very practical settlement tool, this paper explores the independent abstract principles of the letter of credit,The principles of the documents must strictly in line with the surface of L/C and the Examination of the relevant provisions of UCP600, analysis of the application of UCP600, Letters of credit risk of the parties to the key legal questions and risks, as well as response measures. In exploring the practical aspects of law of Letter credit risk ,analysis of the relevant typical cases, So that readers can feel more intuitive application of the letter of credit essentials and coping strategies, To increase the practice of the law guiding significance.