La Obligación de Pago Bancaria: características, semejanzas y diferencias con el Crédito Documentario
The aim of this article is to identify and describe the main characteristics of the bank payment obligation (BPO), as well as the similarities and differences it presents with the documentary credit (DC). The definitions of these means of payment contained in the uniform rules that govern them,...
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| Format: | Article |
| Language: | Spanish |
| Published: |
2021
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| Subjects: | |
| Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=7947646 |
| Source: | Jurídicas, ISSN 1794-2918, Vol. 18, Nº. 1, 2021, pags. 233-247 |
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| Summary: |
The aim of this article is to identify and describe the
main characteristics of the bank payment obligation
(BPO), as well as the similarities and differences it
presents with the documentary credit (DC). The
definitions of these means of payment contained
in the uniform rules that govern them, their general
operation, and the functions they both fulfil are
analysed. This paper argues that although these
means of payment have similarities and the BPO
solves many of the difficulties presented by the DC,
they have different characteristics, in terms that it
does not seem appropriate to point out that one is
called upon to completely replace the other. In this
context, the BPO expands the payment, guarantee,
and financing alternatives available to actors in
international commercial traffic. However, the BPO
also presents some disadvantages that might be
a cause of its adoption in traffic being slower than
expected. |
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