Dilemmas of trade finance documents: a study of discrepant documents negotiated for financing

• Autores: Sut Sakchutchawan
• Localización: Estableciendo puentes en una economía global / coord. por Julio Pindado García, Gregory Payne, Vol. 1, 2008 (Ponencias), ISBN 978-84-7356-556-1, pág. 85
• Idioma: inglés
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• Resumen

  • The dilemma of trade finance documents has been a major worldwide issue for decades. This has been a significant problem for sellers, buyers, and banking institutions when banks discover discrepancies on export documents prior to financing. This research illustrates the problems of discrepant trade documents caused by the ambiguous and excessive requirements of the Uniform Customs and Practice and documentary credit. This research recommends exporters advise importers not to include excessive terms and ambiguous conditions in the letter of credit. This research also recommends changing legal language of the Uniform Custom and Practice into a clearer language.