Dissertation
Dissertation > Economic > Trade and Economic > International trade > International Trade Theory and methods > International Trade Practice

Soft terms of the letter of credit and trade settlement

Author LiLei
Tutor KangZengKui
School Capital University of Economics
Course International trade
Keywords Letter of credit soft terms Legal nature Relief Improve the system
CLC F740.4
Type Master's thesis
Year 2011
Downloads 274
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With the development of economic globalization and international trade increasingly close , clearing way as today 's international trade letters of credit , its status and importance by more and more attention . Letters of credit as the emergence of bank credit , a good resolve the commercial credit crisis , the establishment of strict trade rules , so that the interests of buyers and sellers are well protected . However, just as a coin has two sides , the letter of credit to our international trade settlement in a safe and convenient while its inherent characteristics also gave us a lot of trouble . In addition to the theoretical and practical circles of experts, scholars swirling speculation credit fraud problem , the letter of credit soft terms is a growing trend . The soft terms of serious harm to the interests of the beneficiaries , the result can not be successfully receivables money even cheated two air cargo , therefore , we have to this issue of deep research and explore , and strive to find effective ways you can reduce or even eliminate this class of problems occurred , in order to allow the credit to better play the role of the international commercial life blood . In this paper, the concept and the causes of the letter of credit soft terms , we try to expression and description of the easy-to-understand way , so that the operator for the soft terms of the type and identify a clear understanding and knowledge of trade practice . Then this paper analyzed from a legal point of view the nature and effect of the soft terms of the the industry scholars have given various views and opinions given induction and resolve , and to analyze the attitude of the International Chamber of Commerce and the validity of the soft terms identified made trade issues from a legal point of deeper scrutiny soft terms . Then, the article discusses the relief of soft terms , and the difficulties faced by the soft terms of relief . Finally, standing on the point of view of protecting the interests of the beneficiaries , proposed individuals for soft terms of risk aversion and System recommendations , and hope to play a certain amount of help and warning on trade staff , especially novice who just engaged in the credit business .

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