Araştırma Makalesi

INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE

Cilt: 19 Sayı: 37 1 Haziran 2020
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INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE

Öz

70 pct of international trade documents submitted for payment are rejected under letter of credit being not in compliance with international standard rules and letter of credit terms. This study aims to clarify key points in issuing transport documents to mitigate such losses. To find out the refusal rate of Turkey, 2018 swift data were gathered from the sampling banking group. It is found that the average discrepancy rate is 53,45 percent for export and 30,02 percent for import documentation, that is more than 50 percent of the presented documents are not accepted for payments. The exporters, importers and transporters must be aware of the key points of standard international rules and issue documents as per these rules to mitigate such risks and losses.

Anahtar Kelimeler

Kaynakça

  1. Alavi, H. (2017). Risk Management Techniques and their Application to Documentary Discrepancy in Letter of Credit Transaction. European Journal of Economic Studies, (6), 4-17.
  2. Collyer, G. (2015). The guide to documentary credits. IFS School of Finance.
  3. ICC Policy statement. (1999). The determination of an "Original" document in the context of UCP 500 subArticle 20(b) Commission on Banking Technique and Practice, 12 July 1999 Document no. 470/871 Rev. 29 July 1999. Retrieved from https://iccwbo.org/content/uploads/sites/3/1999/07/The-determination-of-an-Original-document-in-the-context-of-UCP-500-sub-Article-20b.pdf.
  4. ICC Publication No. 600E. (2006). ICC Uniform Customs and Practice for Documentary Credits UCP 600.
  5. ICC Publication No. 600E. (2006). ICC Uniform Customs and Practice for Documentary Credits-UCP 600, Article 17.
  6. ICC Publication No. 600E. (2006). ICC Uniform Customs and Practice for Documentary Credits-UCP 600, Article 19.
  7. ICC Publication No. 600E. (2006). ICC Uniform Customs and Practice for Documentary Credits-UCP 600, Article 20.
  8. ICC Publication No. 600E. (2006). ICC Uniform Customs and Practice for Documentary Credits-UCP 600, Article 20 Sub article (a) and Subarticle (v).

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

1 Haziran 2020

Gönderilme Tarihi

2 Aralık 2019

Kabul Tarihi

13 Ocak 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 19 Sayı: 37

Kaynak Göster

APA
Meral, Y. (2020). INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 19(37), 515-534. https://izlik.org/JA86CJ37XL
AMA
1.Meral Y. INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi. 2020;19(37):515-534. https://izlik.org/JA86CJ37XL
Chicago
Meral, Yurdagül. 2020. “INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 19 (37): 515-34. https://izlik.org/JA86CJ37XL.
EndNote
Meral Y (01 Haziran 2020) INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 19 37 515–534.
IEEE
[1]Y. Meral, “INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE”, İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, c. 19, sy 37, ss. 515–534, Haz. 2020, [çevrimiçi]. Erişim adresi: https://izlik.org/JA86CJ37XL
ISNAD
Meral, Yurdagül. “INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi 19/37 (01 Haziran 2020): 515-534. https://izlik.org/JA86CJ37XL.
JAMA
1.Meral Y. INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi. 2020;19:515–534.
MLA
Meral, Yurdagül. “INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE”. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, c. 19, sy 37, Haziran 2020, ss. 515-34, https://izlik.org/JA86CJ37XL.
Vancouver
1.Yurdagül Meral. INTERNATIONAL TRANSPORT RULES: KEY POINTS IN ISSUING TRANSPORT DOCUMENTS TO MITIGATE RISKS AND LOSSES IN INTERNATIONAL TRADE. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi [Internet]. 01 Haziran 2020;19(37):515-34. Erişim adresi: https://izlik.org/JA86CJ37XL