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Limits of Autonomy Principle in Documentary Letters of Credit; Perspective of English Law
Journal of Legal Studies ( IF 1.577 ) Pub Date : 2017-06-01 , DOI: 10.1515/jles-2017-0002
Hamed Alavi 1, 2
Affiliation  

Abstract In this article, the author reviews the approach of English courts to limits of autonomy principle and tries to answer the following research questions: What obligations should the applicant fulfil while opening a credit in accordance with the underlying contract? What are the seller’s remedies when the buyer fails to perform his duties regarding opining and performance of the credit? On the other hand, what are the seller’s duties in the process of opening the credit and what will be the buyer’s remedy in case of his failure? What is the legal position regarding variation of the credit? What is the position of court regarding absolute or conditional nature of the credit? In order to answer the above research questions, paper is divided into seven parts: after the introductory comments, the second part will review the nature of the buyer’s obligation in opening the credit. The third part is focused on effect of non-compliance by the buyer and the fourth part studies the variation of the credit and its effect on party’s rights within the underlying contract. Part five deals with the buyer’s rights after opening the credit while part six will discuss the absolute or conditional nature of the payment obligation to pay under the LC. Last but not the least, the final part will provide some concluding remarks.

中文翻译:

跟单信用证中的自主权原则;英国法律透视

摘要在本文中,作者回顾了英国法院对自治原则的限制的方法,并试图回答以下研究问题:申请人根据基础合同开立信用证时应履行哪些义务?当买方未能履行其关于信贷的履行和履行职责时,卖方的补救办法是什么?另一方面,在开立信用证的过程中,卖方的职责是什么?如果买方失信,买方将采取什么补救措施?关于信用额变化的法律立场是什么?对于信用的绝对或有条件性质,法院的立场是什么?为了回答上述研究问题,论文分为七个部分:在引言部分之后,第二部分将回顾买方在开立信用证时义务的性质。第三部分着重于买方违约的影响,第四部分研究标的合同中信用的变化及其对当事方权利的影响。第五部分讨论了开立信用证后的买方权利,而第六部分将讨论根据信用证支付的付款义务的绝对或条件性质。最后但并非最不重要的一点是,最后一部分将提供一些总结性说明。第五部分讨论了开立信用证后的买方权利,而第六部分将讨论根据信用证支付的付款义务的绝对或条件性质。最后但并非最不重要的一点是,最后一部分将提供一些总结性说明。第五部分讨论了开立信用证后的买方权利,而第六部分将讨论根据信用证支付的付款义务的绝对或条件性质。最后但并非最不重要的一点是,最后一部分将提供一些总结性说明。
更新日期:2017-06-01
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