Selected Aspects of the Use of Documentary Credits in International Trade

This diploma thesis deals in detail with the matter of amendments to documentary credits. The amendments are analysed in terms of their causes, subjects that may initiate their execution, and their process itself. Also analysis of respective articles of interpretation rules UCP 600 relating to credit's amendments is included. Prior to the above mentioned analysis of amendments there is a part regarding the term of documentary credit, its process, regulation and contemporary position in international trade. In the connection with credit amendments the attention is given to the techniques of their execution, namely through the SWIFT system. The subject of the last part of the thesis is the quantitative analysis of credit amendments on the example of the analysis of real transactions which are assessed from various points of view. Statistical analyses are carried out aiming at considering of the existence of the relation between the region of the credit applicant and the number of credit amendments and between the credit amount and the number of amendments.