nvestigating the nature of documentary credit transfer rights

Base on correlate institute, under some qualification letter of credit after opening able transfer from first beneficiary to second beneficiary. This transfer starting changes in letter of credit’s legel nature. whereas Letter of credit does not a long background in our national low, we must explanation this legal nature by compare to same other legal institution that have in our low. For this order have been searched four legal institution; transfer of commercial documents, transfer of demand, transfer of contract and convert of obligation that have most same similarity to transfer letter of credit that by search to similaritis and contrasts obvious Legal Nature of transfer of letter of credit. After comperison of similaritis and contracts between them, the result is, convert of obligation institution has most of capacibility to explanation of legal nature of transfer of letter of credit. Why? Beaucase in opening letter of credit processes, the most element that have appearance is creation obligation for first beneficiary. The rights portion to beneficiary after done this obligations.in transfer process the obligation transfer from first beneficiary to second beneficiary