Error message

  • Notice: Undefined property: stdClass::$uri in theme_file_link() (line 751 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$uri in theme_file_link() (line 771 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in theme_file_icon() (line 817 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_path() (line 861 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_map() (line 904 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_path() (line 876 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_path() (line 876 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_path() (line 876 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in file_icon_path() (line 876 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filemime in theme_file_link() (line 783 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filesize in theme_file_link() (line 783 of /var/www/scholar/modules/file/file.module).
  • Notice: Undefined property: stdClass::$filename in theme_file_link() (line 789 of /var/www/scholar/modules/file/file.module).

The Legal Basis for the Documentary Credit Encountering the Beneficiary of the Credit in the Light of the Unified Convention Bulletin 600

Journal: 
An-Najah University Journal for Research - Humanities - Volume 25, Issue 1, 2011
Start Page: 
193
End Page: 
220
Received: 
Sunday, April 18, 2010
Accepted: 
Wednesday, January 26, 2011
Authors: 
Muneer Hulaiel
Abstract: 

This research aims to know the legal basis for the source of the bank’s commitment letter of credit within the consolidated assets and norms issued by the international chamber of commerce in Paris. The study showed that the legal basis for the bank’s commitment is the underlying contract between the seller and the buyer , and therefore the bank’s role becomes obvious in accepting and pledging to open a credit, based on instructions received from the buyer’s and that the bank becomes binding or obliged in confronting the beneficiary by the value of creditation upon the notification report dependence of the latter. Despite these relations between the parties of a documentary credit, the bank’s commitment to independent contract between the beneficiary and the buyer’s order as well as the bank is committed to the virtual correspondence and documents submitted by the beneficiary and requires commitment to the implementation of the instructions received from the buyer order within the context of accreditation and not to accept the violation of any document and that these documents are provided for. The Bank is committed to transfer the document to the ordering buyer. That is the parties rely to deal with document and do not deal with goods and therefore the bank examines the documents and they transfer it to the ordering buyer.

Full Text: 
Binary Data