Principle of strict compliance in letter of credit: a comparative study from legal and Shariah perspective
Letter of credit (LC) is a payment mechanism which is used to facilitate trade. One of the fundamental principles that govern the LC operation is principle of strict compliance. This principle indicates that in order to be paid; seller’s documents must strictly comply with the LCs’ requirement. Th...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/38356/ http://irep.iium.edu.my/38356/ http://irep.iium.edu.my/38356/1/3rdICBER2012_Proceeding_Strict_Compliance.pdf http://irep.iium.edu.my/38356/4/000_000_3rdICBER2012_Proceeding_Content.pdf |