Zhang Chun
Abstract
The letter of credit is taken as the lifeline of international commerce. It involves complex legal relations. It is an issue of vital importance for the beneficiary to comply with the terms and conditions of the credit and to circumvent the fraud and other risks.
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The letter of credit is taken as the lifeline of international commerce. It involves complex legal relations. It is an issue of vital importance for the beneficiary to comply with the terms and conditions of the credit and to circumvent the fraud and other risks.
Key concepts: Letter of credit, Beneficiary, Business, Actuarial science, Credit risk, Credit reference, Credit history, Risk analysis (engineering)