August 11, 2025Ekonomski signaliOpen Access

The legal relations in documentary letter of credit transaction

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Analysis reveals key legal relations in letter of credit transactions, highlighting roles of buyers and banks.

The research uncovers the intricacies of legal relations in letter of credit transactions, enhancing understanding.
Key findings show how the Uniform Customs and Practice governs rights and obligations among parties involved.
Through analysis, it clarifies the roles of buyers, sellers, issuing banks, and confirming banks in international trade.
Understanding these legal relations may improve the efficiency of international transactions and mitigate disputes.

Kristina Savić (2025) studied this question.

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