PRAVNI ASPEKTI I ZNAČAJ DOKUMENTARNOG AKREDITIVA U DOMAĆEM I MEĐUNARODNOM PLATNOM PROMETU

Abstract

A documentary letter of credit is a banking legal a air or contract, which draws its legal basis from the basic contract (purchase/sales contract or other), concluded between the client (customer) bank and other contracting party (user of the letters of credit). In the basic contract, in the part relating on the terms of payment, the letter of credit clause by which the debtor is determined in detail to undertake opening of documentary letter of credit with the designated bank in favor of the creditor. Here the basic function of the letter of credit comes to the fore as a means of payment and at the same time as a means of security. is legal business is characteristic of international business, but equally so is used in internal business. Opening and realization of a documentary letter of credit implies very complex procedures and processes, in which precise and detailed provisions of credit clauses has a key role, as well as clearly de ned conditions of the letter of credit itself, on the ful llment of which it depends the fate of the documents submitted for payment, i.e. the harmonized presentation to the bank. In the process of harmonized presentation, the authorized bank checks whether the submitted documents in fully comply with the terms of the letter of credit, and honor or negotiate the relevant documents (pays or redeems documents).