التزامات البنك الفاتح في الاعتماد المستندي و مسؤوليته القانونية

Abstract EN

The documentary credit plays a vital role in regulating the export-import process due to the guarantee and insurance it provides for both vendors and purchasers according to their international contract sale, which actually contributes to a prosperous international commerce basing mainly upon speed and trust.

As any other contract- biding for both parties, the documentary credit requires the two parties with some commitments (the bank opening the credit and the client).

However, the contract in its very nature, requires -in the execution step- the bank to assume other commitments for the client benefitting of the credit.

As the bank deemed as the pivotal point around which the process turns, we tried through this very study discuss in details the conditions to fulfill with the documentary credit by both vendors and purchasers and as well shed light on the legal responsibility arising from violating any of the related commitments.