WHERE BENEFICIARY CERTIFICATE IS DATED PRIOR TO THE COURIER RECEIPT DATE QUERY FROM CHIP PINK i have a query :ben's cert should be dated before, after or the same date of courier rcpt ? which one can be accepted?i always make ben's cert dated on the same date of courier rcpt.but i see that some ben's cert dated before or after courier rcpt.could you show me the evidence in ucp.thanks a … Read More
WHY THE TERM BANK WAS REMOVED FROM UCP 600 ARTICLE 3? Nguyen Loan’s Query Dear Mr. Old Man, In your entry “UCP600. What’s new?”, Mr wrote: Điều 3 UCP 600 (Giải thích từ ngữ) đã giải thích từ “bank” như sau: “Từ “ngân hàng” bao gồm, nhưng không hạn chế, các tổ chức về mặt truyền thống được biết đến như là một ngân hàng hoặc định chế tài chính” (The … Read More
WITH OR WITHOUT RECOURSE QUERY FROM FeLiCiA Hi Mr Old man. My name s Linh. I have a question. Would you mind helping me?I ve heard about types of LC: with recouse and without recourse. But I don't understand much. Can you explain it to me? If possible, please give some examples for clear understanding. Thank you ———————————– RESPONSES FROM MR. OLD MAN Hi … Read More
WHY THE BENEFICIARY REQUIRES DRAFTS IN L/C TRANSACTIONS? QUERY FROM SHAHRIARPost subject: Re: draft for negotiation dear Nguyen Huu Duc, im very happy to see you here. i always enjoy your writings about draft, u said for negotiation for sight lc draft is required which made me bit confused. from the ucp wording, its seems to me that negotiation is possible without draft. about the requirement of draft … Read More
WHETHER IT IS A NON-NEGOTIABLE BILL OF LADING Non-Negotiable B/L QUERY FROM Albert B – United States Need your opinion on the followingB/L presented on its face are perfect (marked "Original"), however, at the back of the B/L indicates in bolt letters (first line on top of the conditions)"Non-Negotiable Bill of Lading". Is this B/L acceptable? —————– COMMENT FROM JSMITH – United Kingdom Albert, I am not sure … Read More
WHERE A CARGO RECEIPT IS DATED EARLIER THAN THE ACTUAL DATE OF RECEIPT Question Dear Mr. Old Man, I have just discovered your blog while searching for LC issues on the internet, and I find your articles very helpful. I would like to ask one question: If a cargo receipt is dated earlier than the actual date the cargo is received (for example, the receipt is dated 20 Jan 20xx, but the cargo … Read More
WHETHER THE ISSUER MUST EVIDENCE ITSELF AS MANUFACTURER Whether the issuer must evidence itself as the manufacturer QUERY FROM THUYPTB – Viet Nam Hi, May we have your comment on the below: LC requires quality certificate to be issued by manufacturer whose name however is not stipulated by the LC. The presented quality certificate is issued by a third party and not show any evidence that they are … Read More
WHICH URR SHALL APPLY IN THE ABSENCE OF SUCH AN INDICATION IN LC QUERY FROM THIEN_HA_TUYET Sau khi URR 725 ra đời và có hiệu lực vào ngày 1/10/2008 thì URR 525 có còn hiệu lực không ạ? Nếu chỉ nói đến chỉ thị bồi hoàn mà không nói áp dụng URR nào thì có phải sẽ áp dụng phiên bản mới nhất? ———– COMMENT Hi, URR 725 thực ra không phải là … Read More
WHETHER THE AMENDMENT HAS BEEN ACCEPTED Bàn về quy định tại Điều 10 (c) UCP 600 – Chấp nhận Sửa đổi LC Mr. Old Man CÂU HỎI CỦA L.H.T Chào Mr. Old Man, Tôi gặp một vấn đề “hóc búa” liên quan tới sửa đổi LC và mong nhận được ý kiến tư vấn của Mr. Old Man. Tình huống cụ thể như sau: Ngân hàng … Read More
WHERE THE DOCUMENTS ARE CORRECTED AND REPRESENTED QUERY FROM tiachop Hi anh! Anh cho em hỏi anh. 1) Nếu ngân hàng phát hành kiểm tra và phát hiện bộ chứng từ bất hợp lệ và gởi lại cho ngân hàng xuất trình thì có đồng nghĩa với việc LC bị chấm dứt từ thời điểm gởi trả bộ chứng từ ko. Nếu người hưởng lợi khắc phục … Read More