THE ROLE OF LETTER OF CREDIT IN COMMERCIAL TRANSACTION IN NIGERIA, AN APPRAISAL

THE ROLE OF LETTER OF CREDIT IN COMMERCIAL TRANSACTION IN NIGERIA, AN APPRAISAL

  • The Complete Research Material is averagely 103 pages long and it is in Ms Word Format, it has 1-5 Chapters.
  • Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
  • Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
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TABLE OF CONTENTS

Title                                                                                                                            Page

Title page        -           -           -           -           -           -           -           -           -           i

Declaration      -           -           -           -           -           -           -           -           -           ii

Certification    -           -           -           -           -           -           -           -           -           iii

Dedication      -           -           -           -           -           -           -           -           -           iv

Acknowledgement      -           -           -           -           -           -           -           -           v

Table of contents        -           -           -           -           -           -           -           -           vi

Table of cases -           -           -           -           -           -           -           -           -           ix

Table of statutes         -           -           -           -           -           -           -           -           xi

List of abbreviations   -           -           -           -           -           -           -           -           xii

Abstract          -           -           -           -           -           -           -           -           -           xiii

           

CHAPTER ONE: GENERAL INTRODUCTION

1.1              Background to the Study        -           -           -           -           -           -           1         

1.2              Statement of Problem -           -           -           -           -           -           -           5         

1.3              Purpose of Study        -           -           -           -           -           -           -           6

1.4              Scope of Study           -           -           -           -           -           -           -           7

1.5              Significance of Study -           -           -           -           -           -           -           7

1.6              Methodology  -           -           -           -           -           -           -           -           8

1.7              Literature Review       -           -           -           -           -           -           -           9

1.8              Definition of Terms     -           -           -           -           -           -           -           14       

CHAPTER TWO: THE NATURE AND CHARACTER OF LETTER OF CREDIT

2.1       Nature of Letter of Credit       -           -           -           -           -           -           19

2.2       The Role and Purpose of Letter of Credit      -           -           -           -           23

2.3       The Mechanism of Letter of Credit    -           -           -           -           -           24

2.4       Benefits of Letter of Credit    -           -           -           -           -           -           27

2.5       Types of Letter of Credit        -           -           -           -           -           -           30

                                                                                   

CHAPTER THREE: LEGAL APPROACHES/STRATEGIES FOR THE APPLICATION OF LETTER OF CREDIT IN NIGERIA

3.1       The Legal Relationship Arising from a Letter of Credit Contract     -           37       

3.2       Application of the Uniform Code of Customs and Practice for

Letters of Credits        -           -           -           -           -           -           -           55

3.3       Jurisdiction      -           -           -           -           -           -           -           -           59

3.4       Doctrine of Strict Compliance            -           -           -           -           -           61

CHAPTER FOUR: COMPARATIVE ANALYSIS OF GENERAL JURISDICTIONAL LAW IN DIFFERENT CONTINENTS

4.1       Jurisdictional Law of Nigeria -           -           -           -           -           -           64

4.2       Jurisdictional Law of European Union           -           -           -           -           65

4.3       Differences at large     -           -           -           -           -           -           -           69       

4.4       Jurisdiction in International Letter of Credit Dispute -           -           -           72

4.5       Laws Governing International Letter of Credits        -           -           -           74

CHAPTER FIVE: CONCLUSION AND RECOMMENDATION

5.1       Summary         -           -           -           -           -           -           -           -           76

5.2       Conclusions     -           -           -           -           -           -           -           -           79

5.3       Recommendations      -           -           -           -           -           -           -           80

Bibliography   -           -           -           -           -           -           -           -           -           81


TABLE OF CASES

ACB Ltd v. Obirimami (1990) 5 NWLR (pt. 149) p. 230 at 241 para A.      -           21

ACB v. Yesufu (1978) NSCC 76 at 73          -           -           -           -           -           33

Akinsanya v. U.B.A. Ltd (1986) 4 NWLR (pt. 35) p. 273 at p. 278 para H. -           -           -           -           -            -3, 21, 30, 31, 33, 38, 40, 42, 45, 46, 47,51, 60, 64, 76

B.W.H.G.M.B. and Co. v. U.B.N. Plc. (2002) Commercial Law Reports     -           30

English Scottish and Australia Bank v. Bank of South Africa

Equitable Trust Company of New York v. Dawson Parttos Ltd. (1927) 27  43, 47, 62, 73

Guaranty Trust Company of New York v. Hannay & Co (1918) 2 KB at 623-         4

Hamzeh Malass and Sons v. British Imex Industries Ltd. (1958) 2 WLR. 160-        4

Ibwa v. Unakalamba (1998)9 NWLR (pt. 565) CA 245        -           -           -           39, 42

International Shoe Co. v. Washington (1984) 1 Lloyds Rep 251;     -           -           58

Jamal Steel Structure Ltd. v. ACB Ltd (1865) 1 Lloyds Rep 512: E -           -           60, 60

I. B. W. A Ltd v. Unakalaba      -           -           -           -           -           -           -           19

Moralice (London) Ltd v Sand F man (1954) 2 Llyods Rep 526; LIL Rep 29          62

Nasaralai v. Arab Bank of Nigeria (1994) 3 NWLR (pt. 149) p. 430 at 141 para B.             --                      -            -           -           -           - 3, 33, 34, 39, 40, 41, 44, 45, 65, 66

Pavia & Co. S.P.A. v. Thurman Nielsen (1952) 2 QB 88; (1952) 1 The All ER 492. -  34

Rayner & Co. Ltd. v. Hambro’s Bank Ltd (1942) K.B LI.L Rep. 32 -           -           -    43

Union Bank of Nigeria Plc. v. Sparkling Breweries Ltd. (1997) 5 NWLR   -           -    51

United City Merchants (Investments) Ltd. v. Royal Bank of Canada 1986  -           -                       -           -            -           -           -           -           -                4, 23, 27, 34, 38, 51, 62

Cape Asbestos Co. Ltd v. Lloyds Bank (1921) WN 274       -           -           -           -     33

Royal Bank I.B.C (2006) Act Cap 222           -           -           -           -           -    27, 29, 30

Willendson v. Forsoket (29 Fed Cas 1283 (DC Pa 1801)) No. 17, 682         -           70, 71 


TABLE OF STATUTES

Art 2 Uniform Customs and Practice of Documentary Credit         -           -                20

Art 3 Uniform Customs and Practice of Documentary Credit       -           30, 56, 57

Art 4 Uniform Customs and Practice of Documentary Credit         -           -           21, 77

Art 5 Uniform Customs and Practice of Documentary Credit         -           -           73, 15

Art 8 Uniform Customs and Practice of Documentary Credit         -           -           43, 52

Art 8a Uniform Customs and Practice of Documentary Credit       -           -           -     32

Art 37 Uniform Customs and Practice of Documentary Credit       -           -                 40

Art 41 Uniform Customs and Practice of Documentary Credit       -           -    &n


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