RECOURSE IN CASE THE DOCUMENTS ARE DISCREPANT OR FORGED LC VIEWS Library Exclusively for lcviews.com Nguyen Huu Duc has written the article Recourse in case the documents are discrepant or forgedIncludes a comment from Bogdan Ilie Article: Recourse in case the documents are discrepant or forgedby Nguyen Huu Duc A member of letterofcreditforum.com raised on the same forum a question regarding the right to recourse in case the documents … Read More
PARTIAL SHIPMENT OR NOT? VENKAK’S QUERY HI LC experts, Need your opinion on Parital shipments. Here is the question, LC prohibits partial shipments, FCR is asked in LC. Exporter presented two FCRs and Invoices. FCRs presented have two different cargo received dates, same vessel name and same destination. Does it consitute discrepancy as partialshipment effected? And here presented document is FCR which is not … Read More
ORIGINAL OR COPY QUERY FROM MS VANSent To: Mr. Old Man Chào Mr Old Man! Mr Old Man cho em hỏi thêm 1 câu này nhé. về tiêu chuẩn kiểm tra chứng từ, một chứng từ được photocopy từ bản gốc đã được ký, sau đó doanh nghiệp đóng dấu đỏ của công ty vào, đóng dấu ORIGINAL vào mặt trước của nó … Read More
PHOTOCOPIES TREATED AS ORIGINAL Responses to Mr. Chuong (VCB Phu Tai)'s query on original documents and copies Bạn Chương thân mến, Bạn hỏi tôi 2 câu hỏi liên quan đến việc xác định chứng từ gốc như sau: Q1. Chứng từ in bằng giấy carbon, liên thứ nhất có chữ ký sống và các liên tiếp theo có chữ ký carbon, nhưng tất cả … Read More
ON BOARD NOTATION 2 QUERY FROM CANDY Dear Mr. Old man, I have one question relating to UCP 600, art. 20 a(iii)LC required: port of loading: Cai Lan port, Vietnam A presented marine bill of lading with details (inter alia) PRE-CARRIAGE BY: ABCPLACE OF RECEIPT: HAIPHONG PORT, VIETNAMVESSEL/ VOYAGE: XYZPORT OF LOADING: CAI LAN PORT, VIETNAM The presented B/L hasn’t got any on board … Read More
ON BOARD NOTATION & DRAFTS AND CALCULATION OF MATURITY DATE From: Nguyen Huu Duc (DNG)To: Ha Nguyen Thi (TTTM-HoiSo)Subject: RE: Dear Ha, Thanks for asking for Mr. Old Man’s opinion. 1) ON BOARD NOTATION You are requested to have a look at UCP 600 Article 20 (a)(ii), which says "A bill of lading, however named, must appear to indicate that goods have been shipped on board a named vessel at … Read More
NEGOTIATION LC AND BANKS OBLIGATIONS ABDUL’S QUERYNegotiation credits Hi, I need to know what a negotiation credit is and what the bank's obligations are relating to such a credit. Also, what are the consequences for a bank which fails to act according to the required standards? ———————MR. OLD MAN’S COMMENTNegotiation L/C and Banks' Obligations Dear Abdul, Negotiation means the purchase by the nominated bank of … Read More
NO NEED TO CANCEL THE L/C BIMALSHRESTHA'S QUERYL/C EXPIRY DEAR L/C EXPERT, I,D LIKE TO KNOW WHAT WILL HAPPEN TO THE L/C IF THE BENEFICIARY PRESENTS L/C DOCUMENTS TO THE BANK AFTER THE L/C EXPIRY DATE?CAN THE IMPORTER REJECT THE DOCUMENTS AND WILL IT CANCEL THE L/C ?PLZ NOTE IT IS IRREVOCABLE LC AT SIGHT. ———————MR. OLD MAN'S COMMENTNo need to cancel the L/C Dear Bimalshrestha, … Read More
BRANCHES OF A BANK IN THE SAME COUNTRY QUERY FROM ABDUL JALEELCredit available with confirming bank's branch in the same countryWed, 03/10/2010 – 23:45 — abdul jaleel Hi, Pls, someone can assist me on this : We have a L/C stating as CREDIT AVAILABLE WITH …. BY PAYMENT. In this case, do we need to submit the documents in our Banker's counter or at the confirming bank's branch … Read More
MTO; EACH DISCREPANCY and ALL DISCREPANCIES; LC VS CONTRACT QUERY FROM MY LIEN Chào Mr! Chúc Mr một tuần mới vui vẻ.Cháu có một số vấn đề không hiểu rõ về UCP600 nhờ Mr giải thích giúp: Thứ nhất là sự khác biệt giữa người điều hành vận tải đa phương thức (multimodal transport operator) và người chuyên chở (carrier)? Thứ hai, trong thông báo từ chối thanh toán … Read More