Legal Relations of Parties and Financing Instruments in the Forfeiting Contract A Case Study of Draft

Abstract

Financing as a general meaning that can be achieved in various conventional methods, so something that separate the method of Forfeiting from other forms of financing, including borrowing as traditional way, that is The ability to provide the financial needs of business activits and investors, including the need for liquidity in international trading through Transfer of long-term demands withoutTermination In the shortest time and the least harmful method.Thise method of financing will be done In the form of a contract between Forfiter and creditor. Therefore, Financing in this method concluded in the form of a contract by reliance on the Forfiter and creditor. In this research, Legal review of parties and financing instruments in the Forfeiting contract and its impact on the elements, case study for the draft is in question . Nowadays, all transactions related to goods and services can be the subject of a Forfeiting contract because the sole responsibility of the exporter to the importer is the quality and reliability of the goods. In recent years, transactions that focus on the development of oil and gas fields and raw materials such as oil, mineral raw materials and durable goods using common tools in forfeiting such as draft, promissory notes, letters of credit and transferable payment guarantees, can be financed.

Keywords

• transitional demand
• forfaiting
• draft
• demands
• financing