أحكام مسؤولية المصارف في نظام الاعتماد المستندي

Abstract EN

Credit is the basis for business transactions.

its degree varies according to the political and economic conditions of the country and the laws that govern it.

therefore, it is necessary to find formulas that work to enhance credit among its parties, including documentary credit, which depends on banking intermediation to enhance confidence and acknowledge responsibility when it breaches them.

the bank’s responsibility towards the ordering customer is determined when it breaches its obligations to the customer.

one of the most important restrictions that the bank has with it is its commitment to open credit, which leads to the expansion of the field for many of the effects on the parties to this process.

breach of this obligation establishes liability, so we must define its provisions.

once the contract with the ordering customer is accepted and the credit is opened, the bank has an important duty to complete the documentary approval process.

we aim, through the study, to clarify the responsibility of the bank in the documentary credit system, how to prove its elements to the bank and the legal effects resulting from it.