TY - JOUR ID - 245367 TI - Analyze the risks of using LCs for buyers and how to prevent them from happening JO - Iranian Journal of Trade Studies JA - IJTS LA - en SN - 1735-0794 AU - Karimi, Gholam Reza AU - Mehrpour, Hossein AU - Tavassoli Naini, Manochehr AD - PhD Student in Private Law, UAE Branch, Islamic Azad University, Dubai, United Arab Emirates. AD - Department of Law, Retired Professor, Shahid Beheshti University, Tehran, Iran. AD - Associate Professor, Department of Law, University of Isfahan. Y1 - 2021 PY - 2021 VL - 25 IS - 98 SP - 127 EP - 154 KW - Letters of Credit KW - Risk KW - Buyer KW - Credit Bank DO - 10.22034/ijts.2021.245367 N2 - Although LCS, as the most important form of payment in foreign trade, has significantly covered the risk of transactions for buyers or creditors, it has not been able to free the process of payment of goods in international trade contracts without any risk. . The practice of LCs in the light of the legal principles governing LCs, the most important of which is the independence of LCs from the basic transaction and the principle of absolute acceptance of documents, can pose numerous risks to buyers that, if fulfilled, It will significantly affect their interests. Therefore, in this paper, the authors, while analyzing the types of risks involved in LCs for sellers and exploring how they are implemented, have outlined ways to prevent or at least reduce their probability by considering the principles of LCs. The material presented in this article shows that buyers should consider the risks that could seriously affect their trading interests in the process of credit accreditation, and implement various enforcement strategies to safeguard their contractual interests. To consider. UR - https://pajooheshnameh.itsr.ir/article_245367.html L1 - https://pajooheshnameh.itsr.ir/article_245367_232b52e1e81a6886b8debb610395995f.pdf ER -