Judicial principle — Kuwait Court of Cassation

Kuwait Court of Cassation principle number 438

State of Kuwait · Commercial and Labour — Volume 9 · Ministry of Justice — Court of Cassation — Technical Office

English translation of the principle

A documentary credit is a contract under which the bank undertakes to open a credit at the request of one of its customers in favor of another person, the beneficiary, against documents representing goods transported or prepared for transport. Independence of this contract from the contract by reason of which the credit was opened. The nature of the second contract and the consequences thereof. Example.
Arabic original
الاعتماد المستندى عقد يتعهد البنك بمقتضاه بفتح إعتماد بناء على طلب أحد عملائه لصالح شخص آخر هو المستفيد بضمان مستندات تمثل بضاعة منقولة أو معدة للنقل. استقلالية هذا العقد عن العقد الذي فتح الاعتماد بسببه. ماهية العقد الثاني وما يترتب على ذلك. مثال.
Original Arabic judgment citations

(الطعن ٥٤٩/٢٠٠١ تجاري جلسة ٢٧/١/٢٠٠١ مج القسم الرابع - المجلد الخامس ص ٦٣٨)

Source: Court of Cassation legal principles collection — Commercial and Labour — Volume 9 — Ministry of Justice — Court of Cassation — Technical Office. Printed page 88. PDF pages: 88.

Ask the assistant about this principle

Guidance based on the principle and its source details, separate from the original collection text.

Related principles

Continue your case in the legal workspace

Open legal workspace