Journal of Jishou University(Social Sciences) ›› 2006, Vol. 27 ›› Issue (4): 103-107.

• Economics • Previous Articles     Next Articles

On L/C (Letter of Credit) Fraud Risk and Its Precaution Measures

  

  1. (Business School of Jishou University,Jishou Hunan 416000,China)
  • Online:2006-07-15 Published:2012-06-22

Abstract: L/C plays a significant role in international transactions.However,it is likely to be tricked for it adopts the way of pure document.L/C fraud has become an increasing non-violent crime which severely influences international trade.The paper,by analyzing the forms of L/C fraud and its recent characteristics,proposes precaution measures for L/C parties.

Key words: L/C, fraud risk, precaution

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