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the fraud exception of the autonomy principle of lcs.doc

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the fraud exception of the autonomy principle of lcs,table of contentintroduction3documentary credit and the importance of autonomy principle3documentary credit.3autonomy principle of documentary credits4fraud exc...
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Table of Content
Introduction 3
Documentary Credit and the Importance of Autonomy Principle 3
Documentary Credit ….3
Autonomy Principle of Documentary Credits 4
Fraud Exception Comes into Being 5
The Case of Szteijn v. J Henry Schroder Banking Corp 5
Fraud Exception 6
The Narrow Applying Principle of Fraud Exception 6
The Case of United City Merchants v. The Royal Bank of Canada 6
Surprising Narrow Basis of Fraud Exception 7
The Practical Jurisprudence around the World 9
Fraud Exception in United Kingdom 9
Fraud Exception in the USA 9
Fraud Exception in Singapore 10
Conclusion 11
References 12