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New regulation for Documentary Letter of Credit

Publication at Faculty of Law |
2015

Abstract

Article examines the differences in legal regulation of the documentary letter of credit in the Civil Code. Documentary letter of credit is a special kind of letter of credit.

In the case of a documentary letter of credit, the issuer of the letter of credit provides a performance to the beneficiary it is presented with documents determined by the letter of credit in accordance with the terms of the letter of credit.