Book: Legal Rules Governing Documentary Credits Author: Khaled Hassan Ahmed Lotfy Year of Publication: 2021 Specialization: Commercial and Maritime Law Publishing House: University Thought House About the book: Foreign trade operations provide benefit by strengthening exports and linking commercial relations between sellers and buyers who They live in different countries, and since they do not have sufficient knowledge of each other, they resort to banks to sense the progress of their operations. The procedures for organizing the import and export process give confidence to both the exporter and the importer... The importer: wants to be sure that he will receive the goods agreed upon on the specified date before paying for them. And the exporter: He wants to make sure that the buyer can pay the price of the sold goods. And since the two parties to the relationship are far apart and do not know each other, it is resorted to the documentary payment method, which is considered one of the most important modern payment and financing techniques that have been greatly developed.
