FOB ANY PORT QUERY FROM MARK LC CALLED FOR INCOTERM FOB ANY PORT IN JAPANINVOICE SHOW FOB ANY PORT IN JAPAN AND B/L SHOW PORT OF LOADING TOKYO, JAPAN IS THIS A DISCREPANCY? INVOICE MUST SHOWS INCOTERM FOB TOKYO, JAPAN OR FOB ANY PORT IN JAPAN ———————————— COMMENT Hi, ISBP Para. 58 says the description of the goods, services or performance in the … Read More
FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103 Zen’s query Anh Đức mến! Trước hết rất cám ơn anh vì đã là một .. friend của em,;)nhờ vậy em đã học được rất nhiều những kiến thức trong TTQT từ những Entry anh đang post hàng ngày. Thực ra tiếng Anh của em cũng không đến nỗi tệ để có thể đọc được những bài viết English của … Read More
DESCRIPTION OF GOODS IN DOCUMENTS QUERY FROM HONG TRANG – MCSB Anh Đức ơi, mô tả hàng hóa trên hóa đơn có nhất thiết phải như trên trường 45A, MT700 không ạ? UCP 500 và UCP 600 có nói đến thuật ngữ correspond to nhưng e đọc nhiều tài liệu thì chưa thấy tài liệu nào giải thích kỹ càng thế nào là correspond to … Read More
FRAUD EXCEPTIONS QUERY FROM INDIASTAR My bank in India has submitted docs to construction bank of china on 12 aug (delivered by dHL). Their bank sent a message on 21st Aug stating that even though date of BL as per docs is correct as per LC, our client has "investigated" and found that ship has sailed late. Further the message states that … Read More
FRAUD Mr. Old Man exchanging views with Armagedo and Frammi on a fraud case on www.letterofcreditforum.com FROM MR. OLD MAN Dear members, As a frequent writer for banking magazines in Vietnam, I sometimes receive from local banks queries on international payment operations. Here below is one of the queries and my opinion that I wish to share with you and look … Read More
CHECKING OF COPIES OF DOCUMENTS QUERY From: Cuong Nguyen Thi Kim (SaiGon) To: Nguyen Huu Duc (DNG)Subject: Copy of Docs Dear Mr Old Man, TA582Rev – Unpublished has a detail says that: Article 23 UCP500 (Article 20 UCP600) clearly draws the conclusion that the establishment of the date of shipment and requirement for an original bill(s) of lading is linked It means Art.23 UCP500 (or … Read More
DOUBLE CONFIRMATION QUERY FROM Khalid Ifthikar – United Arab Emirates Even though UCP 600 does not mention or prohibit, can an Issuing bank request Bank A to add confirmation and request Bank A to advise the LC to Bank B for re-confirmation of Bank A risk.If this is clearly worded in the LC, should Bank B treat the issuing bank as primary … Read More
FAX ACTIVITY REPORT QUERY FROM Gerhard H- Germany LC calls for COPY OF BENEFICIARIES FAX ACCOMPINED BY FAX CONFIRMATION REPORT…. Fax Report showing "No Answer". Is this a discrepancy? Thanks for your comments.Gerhard ——————- COMMENT N.H.Duc – Viet Nam Hi, I’d like to use “fax activity report” rather than “fax confirmation report”. A fax activity report lists information about incoming and outgoing faxes. … Read More
CHARGES ADDITIONAL TO FREIGHT QUERY From: NGUYEN HANH HIEN To: Nguyen Huu Duc (DNG)Subject: Discrepancy found in B/L Dear Old Man, Please give us your opinion about discrepancy found in our documents with details as follows : Quote – L/C issued by BANK N. on 03 Aug. 09 for USD102,145– Delivery condition: CFR Rotterdam – Field 46B (Documents required) regarding B/L : Full set … Read More
DISPOSAL OF DOCUMENTS QUERY FROM POOH Hi Mr. Old Man, Mr Old Man giải đáp giúp cháu tình huống này nhé: Một L/C không hủy ngang tra ngay có giá trị 3.000.000 USD được phát hành cho nhà xuất khẩu A hưởng lợi. Nhà XK A giao hàng và xuất trình chứng từ để thanh toán. Nhưng bộ chứng từ bị từ chối … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?