The law applicable to L / C

The study shed light on the most important means by which cash payments to the seller of goods through the intermediary is represented by the bank source of credit at the request of the order to open the credit, and the study addressed the problem of law applicable when the elements of legal relationship are distributed in more than one country, where the contract of credit The study showed the privacy of the documentary credit contract and its impact on the applicable law, as it is one of the contracts that affect the economy of the state because of its impact on monetary policy within the state. Applicable to the letter of credit documents, and the status of attribution rule relating to tort liability in the field of documentary credit in some of the assumptions I've applied the study. On this basis, the research was divided into three sections, the first dealt with what is the accreditation contract and its support officer, the second dealt with the legal nature of the documentary credit contract, and the third dealt with the law applicable to the documentary credit contract.The study was concluded with a conclusion containing the most important findings and recommendations we have reached.