Legal issues resulting from the autonomy of letter of credit in international sale of goods (Malaysian position) /
Letters of credit have historically been an important and popular method of payment in international trading transactions. The principle of autonomy is one of the foundation stones of the law of letters of credit. Letter of credit has been considered by the law governing the letter of credit, the Un...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
Gombak, Selangor :
Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia,
2010
|
| Subjects: | |
| Online Access: | http://studentrepo.iium.edu.my/handle/123456789/1664 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| LEADER | 030880000a22003610004500 | ||
|---|---|---|---|
| 008 | 110106t2010 my a g m 000 0 eng d | ||
| 040 | |a UIAM |b eng | ||
| 041 | |a eng | ||
| 043 | |a a-my--- | ||
| 050 | 0 | 0 | |a KPG903.8 |
| 100 | 1 | |a Bendifallah, Hamza |9 88360 | |
| 245 | 1 | |a Legal issues resulting from the autonomy of letter of credit in international sale of goods (Malaysian position) / |c by Hamza Bendifallah | |
| 260 | |a Gombak, Selangor : |b Ahmad Ibrahim Kulliyyah of Laws, International Islamic University Malaysia, |c 2010 | ||
| 300 | |a xii, 90 leaves : |b ill. ; |c 30cm. | ||
| 336 | |2 rdacontent | ||
| 337 | |2 rdamedia | ||
| 338 | |2 rdacarrier | ||
| 500 | |a Abstract in English and Arabic. | ||
| 500 | |a "A dissertation submitted in partial fulfilment of the requirements for the degree of Master of Comparative Laws."--On t.p. | ||
| 502 | |a Thesis (MCL)--International Islamic University Malaysia, 2010. | ||
| 504 | |a Includes bibliographical references (leaves 88-90). | ||
| 520 | |a Letters of credit have historically been an important and popular method of payment in international trading transactions. The principle of autonomy is one of the foundation stones of the law of letters of credit. Letter of credit has been considered by the law governing the letter of credit, the Uniform Custom and Practice (UCP) as a separate and autonomous contract from the underlying contract of sale of goods or other transactions. The essence of this separation or this doctrine of autonomy, was aimed to make letters of credit, the most secure method of payment in international sales transactions, by protecting the interests of both seller and buyer and balancing the risk between them, where the beneficiary (seller) may greatly reduce the risk of not being paid. However at the same time this autonomy principle guarantees payment to the seller as long as he tenders and complies with all the necessary documents stipulated by the buyer independent of the underlying contract for sale of goods. The bank representing the buyer is bound to fulfil its duty to pay the seller and cannot withhold or deny payment until the goods have safely reached the buyer. Banks only deal with documents presented for negotiation under the letter of credit and do not have any involvement with the commercial contracts or goods being shipped. | ||
| 650 | 0 | |a Letters of credit |9 50847 | |
| 650 | 0 | |a Suretyship and guaranty |z Malaysia |9 39251 | |
| 655 | 7 | |a Theses, IIUM local | |
| 690 | |a Dissertations, Academic |x Department of Private Law |z IIUM |9 88361 | ||
| 710 | 2 | |a International Islamic University Malaysia. |b Department of Private Law |9 88362 | |
| 856 | 4 | |u http://studentrepo.iium.edu.my/handle/123456789/1664 | |
| 900 | |a hab-ls | ||
| 942 | |2 lcc |n 0 | ||
| 999 | |c 433741 |d 465155 | ||
| 952 | |0 0 |6 T KPG000903.8 B458L 2010 |7 0 |8 THESES |9 751867 |a IIUM |b IIUM |c MULTIMEDIA |g 0.00 |o t KPG 903.8 B458L 2010 |p 00011204546 |r 2017-10-20 |t 1 |v 0.00 |y THESIS | ||
| 952 | |0 0 |6 TS CDF KPG 903.8 B458L 2010 |7 0 |8 THESES |9 845317 |a IIUM |b IIUM |c MULTIMEDIA |g 0.00 |o ts cdf KPG 903.8 B458L 2010 |p 00001052122 |r 2017-10-26 |t 2 |v 0.00 |y THESISDIG | ||