- Author
- Alavi Hamed (Estonian Business School, Estonia), Kerikmäe Tanel (Tallinn University of Technology, Estonia)
- Title
- Mitigating the Risk of Documentary Discrepancy in Process of Estonian Export Letters of Credit Transaction
- Source
- Multidisciplinary Aspects of Production Engineering, 2018, vol. 1, s. 425-432, rys., tab., bibliogr. 18 poz.
- Keyword
- Zarządzanie procesami, Eksport, Akredytywa dokumentowa
Process management, Export, Documentary credit - Note
- streszcz., summ.
- Country
- Estonia
Estonia - Abstract
- The main subject of this paper is to study relations between metrics which affects payment risk under documentary letters of credit (DLC) from the exporters perspective in Estonia. This will result in reducing the risk of documentary discrepancy in presentation of documents to banks, decrease relevant costs to rectification of discrepancies which are nothing but a loss to exporter and improving the flow of international trade. For this purpose, the author takes an empirical approach in his strive to find answer to following questions: What are different types of discrepancy in Estonian export landscape? How relevant are deferent attributes of the DLC to attributes types of discrepancy? What measures should be in place to prevent risk of documentary discrepancy in DLC operation? (In Estonian export trade). (original abstract)
- Full text
- Show
- Bibliography
-
- Alavi, H. (2016a). Documentary Letters of Credit, Legal Nature and Sources of Law. Journal of legal studies, 17(31), pp. 106-121.
- Alavi, H. (2016b). Documentary Letters of Credit, Principle of Strict Compliance and Risk of Documentary Discrepancy. Kor. UL Rev., 19, pp. 3-21.
- Alavi, H. (2016c). Mitigating the Risk of Fraud in Documentary Letters of Credit. Baltic Journal of European Studies, 6(1), pp. 139-156.
- Alavi, H., & Hąbek, P. (2016). Optimizing outcome in the university-industry technology transfer projects. Management Systems in Production Engineering, 2(22), pp. 94-100.
- Baker, W. (2000). Dealing with letter of credit discrepancies. Business Credit, vol. 102, no. 10; [online] Exporthelp. Available
- http://www.exporthelp.co.za/NEWSLETTER/SEP08/LCs/Dealing_With_LC_Discrepancies.pdf [Accessed 12Jan 2018].
- Bergami, R. (2014). Australian manufacturing exports to ASEAN: linking country, customer and enterprise risk in method of payment choice. Global Business and Economics Review, 16(1), pp. 60-74.
- Bergami, R. (2011). Risk management in Australian manufacturing exports: the case of letters of credit to ASEAN (Doctoral dissertation, Victoria University).
- Chuah, J. (2009), Law of International Trade, 4th edn, Sweet & Maxwell. Debattista, C. (2007). The new UCP 600 - changes to the tender of the sellers' shipping documents under letters of credit" J.B.L. 2007 (4), pp. 329-354.
- Hoffman, S. (2007). The Law and Business of International Project Finance: A Resource for Governments, Sponsors, Lawyers, and Project Participants. Cambridge: Cambridge University Press.
- Hwaidi, M. (2014). The story of the English strict compliance principle in letters of credit and its consistency with the UCP. Journal of International Banking Law and Regulation, 29(2), pp 71-81.
- Lindner, A 2005, SME statistics: towards more systematic statistical measurement of SME behavior, Organization for Economic Co-operation and Development, Paris, France.
- Mehta, R. (1999). Export letters of credit: eight steps to error-free compliance. International Trade Forum, 99 (4), pp. 12-15.
- SITPRO Ltd. 2003, Report on the use of export letters of credit 2001/2002, SITPRO London. http://www.sitpro.org.uk/trade/lettcredintro.html [Accessed 12 Jan 2018].
- Unified Customs and Practices for Documentary Letters of Credit, UCP 600.
- The OECD website (2018): www.OECD.org. [Accessed 12 Jan 2018].
- The Estonian Chamber of Commerce and Industries Website (2016), www.koda.ee. [Accessed 12 Jan 2018].
- The Estonian Export Directory (2018), www.estonianexport.ee. [Accessed 12 Jan 2018].
- Cited by
- ISSN
- 2545-2827
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.2478/mape-2018-0054
