Intricacies of Documentary Credits – A situational Analysis

Anuradha Yesugade, H.G. Abhyankar

Abstract


This paper is an attempt to explore intricacies in Documentary Credit operations through situational analysis. The paper presents a situation of plausible non settlement under Documentary Credit Method and further analyses the situation with an aim to explore viable solution to the conflicting stands taken by parties to the Letter of Credit. The paper concludes with specific recommendations towards an amicable solution to the research problem.


Keywords


Documentary Credit, U.C.P.D.C. 600, Cross Border Trade Transactions, Discrepant Documents, Contract v/s Credits, Letter of Credit.

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References


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Sut Sakchutchawan (2009), An inquiry into the strict compliance of the International Chamber of Commerce Trade Rules in Financing Process, Global journal of International Business Research, Vol.2, No. 2.

Yan Hao Ling Xiao (August 2013), Risk Analysis of Letter of Credit Based on Principles of ‘Independence’ and ‘Strict Compliance’ International Journal of Business and Social Science Vol. 4 No. 9.

Yesugade A. & Abhyankar H. (2016), Progressive Volume of World Trade and the Rising Trade Delays: A Paradox, Asian Journal of Multidisciplinary Studies, Vol. 4, No. 12, (180-185).

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International Business, Francis Cherunilam, 4th edition, 2007, Prentice Hall of India, ISBN: 978-81-203-3096-2.

International Business, Justin Paul, 2nd edition, 2005, Prentice Hall of India, ISBN: 81-203-2831-0.

FEDAI Publications.

Websites:

https://www.wto.org

https://www.iccwbo.org


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