Using ODR to Settle Disputes in International Payments by Letter of Credit

In this article, the authors will summarize and analyze issues related to the method of payment by letter credit (L/C), disputes that may arise between the parties during the implementation process and legal regulations on resolving such disputes by Online Alternative Disputes Resolution (ODR). The article also points out the advantages and disadvantages of the method of resolving disputes related to L/C by ODR. From there, the authors make assessments and recommendations so that the parties using L/C can resolve disputes effectively by ODR to maintain and develop business relationships in the future.