The legal relationships under commercial letter of credit are discussed in this thesis under the United States and the United Kingdom law, with occasional reference to the law of some civil law countries. An introductory overview of documentary letter of credit is put forward in chapter one of this thesis, in which the definition and development of documentry letter of credit, and an illustration of how it operates in an international transaction have been discussed. The thesis is divided into two parts, the first part deals with the relationships between the main parties of documentary letter of credit. Chapter two discusses the relationship between the applicant for the credit and its beneficiary. Chapter three dicusses the relationship between the applicant for the credit and the issuing bank with emphasis on the legal nature of their relationship. In chapter four the discussion is directed to the relationship between the issuing bank and the beneficiary in which a large part of this thesis is devoted to the theoretical analysis of the nature of their relationship. In part two, the thesis discusses the relationships between the main parties of letter of credit and the other participating parties. Chapter five discusses the relationships between the main parties (i.e., the issuing bank (or requesting bank)), the applicant for the credit and the beneficiary - and the intermediary bank (i.e., intermediary - issuer, confirming and advising bank.) Discussed in chapter six are the relationships between the main parties of documentary letter of credit and the holder of the beneficiary's draft whether it is a collecting bank, unauthorized negotiating bank, authorized negotiating bank or discounting bank. The thesis ends with a summary and conclusion.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:640283 |
| Date | January 1993 |
| Creators | Al-Ghadyan, Ahmed A. |
| Publisher | University of Edinburgh |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://hdl.handle.net/1842/20270 |
Page generated in 0.0013 seconds