Socio-Legal Analysis Of The Utilization Of Letter Of Credit In International Business Transactions In Batam City

Triana Dewi Seroja, Rina Shahriyani Shahrullah, Jefri Kurniawan

Abstract


The provisions governing the Letter of Credit (L/C) in the form of customs and practices commonly used in international trade are called the Uniform Customs and Practice for Commercial Documentary Credit (UCP), issued by the International Chamber of Commerce (ICC). This research aims to analyze the effectiveness issues of the letter of credit in international transactions in the banking sector using Soerjono Soekanto's Theory of Legal Effectiveness. The research adopts empirical legal research through a socio-legal approach. Primary data is obtained from in-depth interviews, while secondary data is collected from literature studies. All data are analyzed using qualitative methods. It has been found that the application of the Letter of Credit (L/C) in international transactions in the banking sector in Batam City is not effectively implemented based on legal factors, law enforcement factors, and societal factors. There are still obstacles and solutions needed for the creation of an effective Letter of Credit (L/C) in international transactions in the banking sector in Batam City

Keywords


Letter of Credit (L/C); Banking; Business Transcations; Batam City

Full Text:

PDF

References


Alavi, Hamed. “Documentary Letters of Credit, Legal Nature and Sources of Law.” Journal of Legal Studies 17, no. 31 (2016): 106–21. https://doi.org/10.1515/jles-2016-0012.

Alysianingrum, Trisna, Budiharto, and Sartika Nanda Lestari. “Perlindungan Hukum Bagi Advising Bank Yang Menerima Dokumen Palsu Dalam Transaksi Menggunakan Letter of Credit (L/C).” Diponegoro Law Journal 8, no. 4 (2019): 2823–34. https://doi.org/https://doi.org/10.14710/dlj.2019.27786.

Amboro, Florianus Yudhi Priyo, and Lily Persyadayani. “Efektivitas Pelaksanaan Pengawasan Metrologi Legal Terhadap Peningkatan Retribusi Daerah Di Kota Tanjungpinang.” Journal of Law and Policy Transformation 6, no. 1 (June 2021): 120–39. https://doi.org/10.37253/jlpt.v6i1.4948.

Andhibroto, Soepriyo. Letter of Credit: Dalam Teori & Praktek. Semarang: Dahara Prize, 1992.

Chang, Shuchih Ernest, Hueimin Louis Luo, and YiChian Chen. “Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit.” Sustainability 12, no. 1 (2020): 188. https://doi.org/https://doi.org/10.3390/su12010188.

Emirzon, Joni. Hukum Surat Berharga Dan Perkembangannya Di Indonesia. Jakarta: Prehallindo, 2002.

Ginting, Ramlan. Letter of Credit: Tinjauan Aspek Hukum Dan Bisnis. Jakarta: Salemba Empat, 2000.

Hadisoeprapto, Hartono. Kredit Berdokumen (Letter of Credit) Cara Pembayaran Dalam Jual Beli Perniagaan. Yogyakarta: Liberty, 1991.

Hinkelman, Edward G. Metode Pembayaran Bisnis Internasional. Jakarta: PPM, 2002.

Hutabarat, Roselyne. Transaksi Ekspor Impor. Jakarta: Erlangga, 1997.

Irianto, Sulistyowati, Jan Michiel Otto, Sebastiaan Pompe, Adriaan W. Bedner, Jacqueline Vel, Suzan Stoter, and Julia Arnscheidt. Kajian Sosio-Legal. Denpasar: Pustaka Larasan, 2012.

Lubis, Zaned Zihan Sosa Elsera, M. Nur, and Sanusi. “Asas Keseimbangan Dalam Perjanjian Penerbitan Letter of Credit Sebagai Transaksi Bisnis Internasional.” Jurnal Magister Hukum Udayana (Udayana Master Law Journal) 8, no. 2 (2019): 261–81. https://doi.org/https://doi.org/10.24843/JMHU.2019.v08.i02.p09.

Malikanzi, Sophia M., and Mouni Gekara. “Factors Contributing to the Use of Commericial Letter (S) of Credit on International Business Transaction(S): A Case of Manufacturing Industries in Kenya.” International Journal of Sciences: Basic and Applied Research (IJSBAR) 12, no. 1 (2013): 103–14.

Martin-Nagle, Renee. “Injunctions of Letters of Credit: Judicial Insurance Against Fraud.” Journal of Law & Commerce 3 (1983): 305.

Maryam. “Mekanisme Pembayaran Melalui Letter of Credit (L/C) Dalam Transaksi Perdagangan Internasional Pada PT. Semen Bosowa Maros.” Sulesana: Jurnal Wawasan Keislaman 8, no. 2 (2013): 179–85. https://doi.org/https://doi.org/10.24252/.v8i2.1292.

Puneri, Atharyanshah. “Conventional and Islamic Letter of Credit: Comparison and Implementation.” Airlangga International Journal of Islamic Economics and Finance 4, no. 2 (2021): 124–42.

S., Amir M. Letter of Credit Dalam Bisnis Ekspor Impor. Jakarta: Taruna Grafica, 1999.

Sari, Sri Maya. “Tanggung Jawab Hukum Advising Bank Dalam Pembayaran Barang Dengan Menggunakan ‘Letter of Credit’ (Studi Pada The Development Bank of Singapore (Bank DBS) Jakarta).” Premise Law Journal 13 (2016): 1–15.

Setiawan, Agus. “Resiko Yang Dihadapi Bank Dalam Transaksi Pembayaran Dengan Letter of Credit (L/C).” Jurnal Ilmiah Mahasiswa Bidang Hukum Keperdataan 1, no. 1 (2017): 13–28.

Shahrullah, Rina Shahriyani, and Henry Hadinata Cokro. “Penegakan Hukum Bagi Pedagang Usaha Mikro, Kecil Dan Menengah Terhadap Para Pelaku Usaha Monopoli.” Journal of Law and Policy Transformation 5, no. 2 (December 2020): 113–27. https://doi.org/10.37253/jlpt.v5i2.1391.

Subagja, Agus Dedi. “Letter of Credit (L/C) Sebagai Cara Pembayaran Yang Paling Aman Dalam Transaksi Pembayaran Perdagangan Internasional/Ekspor-Impor. (Studi Kasus Pada PT. San San Saudaratex Jaya).” International Journal of Demos 2, no. 1 (2020): 78–89. https://doi.org/10.37950/ijd.v2i1.38.

Toorajipour, Reza, Pejvak Oghazi, Vahid Sohrabpour, Pankaj C. Patel, and Rana Mostaghel. “Block by Block: A Blockchain-Based Peer-to-Peer Business Transaction for International Trade.” Technological Forecasting and Social Change 180 (2022): 121714. https://doi.org/https://doi.org/10.1016/j.techfore.2022.121714.




DOI: https://doi.org/10.33756/jelta.v16i2.19918

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

slot gacor slot gacor hari ini slot gacor 2025 demo slot pg slot gacor slot gacor