PRE-ADVICE AND PB QUERY FROM VU HUY CHUONG CHAO ANH, DUOC BIET ANH LAM TAI NGAN HANG VIETCOMBANK, EM CO CAU HOI MUON NHO ANH GIAI THICH CHO EM: CONG TY EM CO KY HOP DONG XUAT KHAU GAO CHO CONG TY CUA MY, HOP DONG CO PERFORMENCE BOND 2%. VAY EM MUON BIET: – KHI NGAN HANG NGUOI MUA GUI L/C PRE-ADVISE … Read More
WHEN IS THE TIME FOR THE ISSUING BANK TO RELEASE THE BILL OF LADING TO THE APPLICANT? QUERY FROM WILLY COOPER Willy Cooper writes: Dear Sir Bill of Laden & LC by negotiating, at sight. Sorry I'm a little confused again 1 LC by negotiation, at sight, with drafts drawn on the issuing bank. a) So after 5 days of presenting the compiling documents to the negotiating bank the negotiating bank is now required to pay me … Read More
TRANSFERABLE CREDIT AND TRANSFERRED CREDIT QUERY FROM HAI YEN hai yen writes: Mr. Old Man ơi. chú có thể giải đáp cho cháu trường hợp này được không? Cảm ơn chú nhiều! Công ty Chiến Thắng (Việt Nam) nhập khẩu 20 xe hơi nhãn hiệu Toyota từ Nhật Bản nhưng phải qua Công ty X từ Hàn Quốc làm trung gian thanh toán bằng Transferable … Read More
IRREVOCABILITY OF LETTER OF CREDIT QUERY FROM THUY NGUYEN Công ty A Việt Nam ký hợp đồng mua bán với Công ty B Mỹ với các điều kiện sau:– Thời hạn giao hàng: 19/04/2010– Phương thức thanh toán: LC (UCP 600)– Thời hạn mở LC: 10/04/2010 Tình huống: Ngày 10/04 người mua mở LC qua NHPH, NHPH chấp nhận phát hành và thông báo LC … Read More
WHERE A BILL OF LADING IS CONSIDERED TO BE A CHARTER PARTY BILL OF LADING QUERY FROM JSHEEHAN Jsheehan – United States Posted 19 May 10 | An LC REQUIRES original Bs/L "marked freight payable as per Charter Party". The BL presented complies with the LC and with Article 22 but since the LC does not specifically state that charter party Bs/L are acceptable, a discrepancy is noted that "charter party BL presented".Is this a … Read More
LC AVAILABLE WITH THE ISSUING BANK BY DEFERRED PAYMENT QUERY FROM SHAHED Deferred Payment LC restricted with issuing bank Shahed – Canada Posted 12 May 10 | Place of Expiry: at the counters of issuing bankAvailable with issuing bank by deferred paymentTerms: 90 days after the bill of lading date Beneficiary's bank send the documents to the issuing bank as it is available by deferred payment with issuing bank. … Read More
LOI UNDER OIL LC QUERY FROM ZAC My bank has issued an usance OIL LC for my customer. Hence, the negotiating bank presented a set of import docs to my bank's counters which my bank has sent a swift MT756 back to negotiating bank yesterday to confirm acceptance of the usance bill. The docs negotiated were invoice and LOI. Today, my customer told me … Read More
ADVISING OF CREDITS AND AMENDMENTS QUERY FROM WARLORD9609 I have a nice Export LC case which I would like to share with you. This LC issued in country S by Bank A and advised it to Bank B in country Y via swift. Bank B advised the LC to us in country Y(we are advise through bank) in hard copy even though we have RMA … Read More
NEGOTIATION UNDER A CREDIT AVAILABLE BY DEFERRED PAYMENT QUERY FROM WARLORD9609 Hi mr old man, Listen please, I tried to write a new blog in your forum but I dont know how to write a new post. would you please help me in LC, its simple for you I think, but for me its not It would be appreciated if you can reply me asap, ty. LC from … Read More