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Documentary credit is the most important international trade settlement payment and settlement , the nineteenth century with the development of international trade and development , the use of a documentary credit settlement than the other method of settlement , such as remittance and prop closing and much safer . Bank credit instead of commercial credit , the document surface is completely consistent with the case , the banks bear the primary responsibility for the payment ; documentary credit is a separate file , it is not attached to trade contracts ; banks with a single credit the processing card settlement documents , rather than goods , precisely because of this, coupled with the documentary credit related parties located in different countries and regions , as well as unscrupulous traders Menthods psychological , the documentary credit transactions increased risk . With the development of China 's reform and opening up , China's accession to WTO, the rapid development of international trade , documentary credit payment settlement method is applied to international trade more and also to the documentary credit fraud convenience . Documentary credit fraud crimes increasingly cunning , hidden , fraudsters increasingly specialized , highly intelligent , fraud crime means more clever . It seriously endanger the normal social and economic order , affect the establishment of the socialist market economic system and sound . Our country as an international trading nation , the economy 's dependence on foreign high , facing fraud crimes will be more and more of normal international trade is facing serious threats and challenges of the fraud crime . In recent years numerous confirmed the problem with the documentary credit fraud case the seriousness and urgency of solving this problem . In this paper, the International Chamber of Commerce (ICC) Uniform Customs and Practice for Documentary Credits \the risks faced by the trade of the exporter , importer , as well as banks in documentary credit business , and each should take preventive measures.
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