... In the other hand, the traders also need to protect the goods on transaction from the risk of the marine adventure, therefore the party who has the insurable interest may arrange a marine insurance contract to shift the risk to another person (insurer). BANKING DOCUMENTARY CREDITS The Article 2 of the Uniform Customs and Practice for Documentary Credits defines it as: "For the purpose of these articles, the expressions 'documentary credit(s)' and 'standby letter(s) of credits' used herein (hereinafter referred to as 'credit(s)', mean any arrangement, however named or described, whereby a bank (the issuing bank) acting at the request and on the instructions of a customer (the applicant for the credit). (i) is to make a payment to or to the order of a third party (the beneficiary), or is to pay or accept bills of exchange (drafts) drawn by the beneficiary, or (ii) authorizes another bank to effect such payment, ...

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