On L/C Fraud & Remedies

Letter of credit (L/C) is a kind of useful mechanism for payment in international business transactions, but the efficacy of L/C is seri ously frustrated because of the fraud in the operation of L/C transaction, how t o treat the problem of fraud is a important thing for all interested parties. In order to protect the lawful interests of each party, one should get a clear und erstanding of the conception, types, proof and other issues related to fraud and bear the right way to gain remedy in his mind.