ARBITRATION

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
User avatar
SANUSILAMIN
Posts: 43
Joined: Mon Sep 11, 2017 2:47 pm
First Name: ALSUNOUSI
Last Name: LAMEEN
Organization: NOC, LIBYA
Filter: Two Plus Two =: 4
Location: LIBYA

ARBITRATION

Post by SANUSILAMIN » Thu May 10, 2018 1:36 pm

DEAR EXPERTS

WHAT DO YOU THINK ABOUT THAT "THE BENEFICIARY OF LETTER OF CREDIT DEMANDS THAT THE ARBITRATION LAW SHOULD BE DUTCH LAW AND WHAT IS THE BEST FOR ME AS AN APPLICANT A DUTCH LAW OR AN INTERNATIONAL ARBITRATION ATTORNEY ?
KINDLY YOU ARE REQUESTED TO EXPLAIN THE ARTICLE ABOVE TO BE ABLE NEGOTIATE FOR THE BEST.

I AM WAITING YOUR URGENT RESPONSE
REGARDS,,

User avatar
picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Contractual requirements

Post by picant » Fri May 11, 2018 11:42 pm

Hi Pal,

a part local law, IMHO, the sentence is not suitable for letter of credit but only as contractual requirement.
There is an ICC Publication concerning arbitration, but I repeat this mest not be used in l/c.
Other comments appreciated
Ciao

Post Reply