Soft terms of the letter of credit and trade settlement
|School||Capital University of Economics|
|Keywords||Letter of credit soft terms Legal nature Relief Improve the system|
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 .