Analysis of Articles about Documentary Credits - Annotated Bibliography Example

The author contends that legal sanctions that have been described have not been deterrent enough to wage offenders from it. Unlike Rooy (2004) who sees civil liability as the best offense to dishonor of checks, Muntingh prefers criminal liability. Rooy, F. P. (2004). Documentary credits: Deventer, The Netherlands. American Criminological Review, EBSCOHost, 6 (2), 123-132. Rooy (2004) has been a practicing international banker for several years. He also doubles as a criminologist.

In writing this article, therefore, he reviewed some of the international approaches that have been put in place to reduce various crimes associated with financial fraud. In the opinion of the author, a major breakthrough came for international trade when documentary credits were introduced. Unlike Muntingh (2007), Rooy sees the civil liability that has been associated with various forms of trade fraud including the dishonor of checks as highly suitable for the prescribed offences. Zambakhidze, T. (2002). Documentary Credit – An Advantageous Form of International Payment.

Georgian Law Review, Sage Criminology 5(2), 23-43. The author has been a practicing security expert for several years and has had several approved articles published in international journals including the present one. In the current article, the author embraces documentary credit as a breakthrough for ensuring security with international payment. The reason is that it limits the rate at which traders would have to carry physical cash in the transaction of trade. But in order that the advantages of a documentary credit to be enjoyed to the maximum, the author, unlike Rooy (2004) asserts that there should be the introduction of criminal liabilities all across regions that see checks as Bills of Exchange.