التزامات البنك في الاعتماد المستندي

Abstract EN

Documentary credit is a very important process in international trade, as it is a contract that provides protection to its parties, facilitates their task in their commercial transactions, and gives confidence and security, because a buyer of goods from another country can obtain confidence in his dealings with the seller by opening a documentary credit in The bank, which plays its role in disbursing the amount of the credit to the seller, but after confirming the bills of lading, which represent the shipped goods in favor of the buyer, this is a facilitation for the buyer, and for the seller as well.

The research is the bank’s obligations in the documentary credit, which are towards the seller and towards the buyer.

He is obligated towards the buyer (the ordering customer who opens the credit) to open the credit and inform it to the seller (the beneficiary), and also receive certain documents from the seller, examine them, and then send them to the buyer through which he can To receive his goods, and also the bank must be obligated to carry out all the instructions of the buyer who opened the credit literally without interpretation or change, while his obligation -that is, the bank- towards the seller (the beneficiary) is to pay the amount of the credit After examining the documents submitted by him and ensuring their apparent conformity with the letter of credit.