BENEFICIARY'S NAME QUERY Beneficiary's name Shahed – Canada L/C States beneficiary's name as "B AND B TRADING" whereas the beneficiary submit their documents showing their name as "B & B TRADING". That means the word "AND" is replaced by the symbol "amperand". Is it a discrepancy ? ShahedToronto ——————————————— COMMENT N.H.Duc – Viet Nam Shahed, I do not think it is a … Read More
ANOTHER QUERY on ON BOARD NOTATION QUERY FROM MRS ELFRIDA Dear Mr. Old Man We need your opinion with B/L as follows: 1. Pre Carriage ABC 2. Ocean Vessel DEF 3. Port of Loading Belawan Medan, Indonesia 4. Port of Discharge Felixstowe B/L indicates shipped on board ABC at Belawan dd. 21/08/2008. I want to know whether this B/L's condition is right. How is your opinion? … Read More
ARTICLE 32: INSTALMENT DRAWINGS OR SHIPMENT VINH PHUC’S QUERY Chào anh, Em đã được đọc các bài viết của anh qua các diễn đàn lcviews cũng như letterofcreditforum và trên tạp chí ngân hàng, các bài viết của anh rất sâu sắc, em có một thắc mắc muốn xin ý kiến của anh.Trường hợp như sau:"L/C quy định giao hàng và trả tiền thành 3 lần, … Read More
ARBITRAGE QUERY FROM NGOC UYENPhan Phạm Ngọc Uyên, 20 / F Sent To: Mr. Old Man Dear Mr Oldman, I m currently studying about currency arbitrage . After searching for its information on the Internet and reading book, I still cannot deeply understand what it is and how it works as well as its pros and cons. Would you mind explaining … Read More
ARTICLE 18 (b) WHEN THE INVOICE AMOUNT IN EXCESS OF THAT PERMITTED BY LC QUERY FROM PENGUINSent To: Mr. Old Man RE: Điều 18b UCP600 Chào anh, Anh có thể giải thích ý nghĩa của điều 18b-UCP600 giúp em được không ạ? Cám ơn anh nhiều ạ ————————————COMMENT FROM MR. OLD MAN Chào bạn, Cám ơn bạn đã hỏi ý kiến Mr. Old Man. Mr. Old Man xin trả lời câu hỏi của bạn … Read More
ASIAN OR UNTRUE NEGOTIATION Nguyen Huu Duc's response to Frammi's commentThu, 12/27/2007 – 09:10 — nhduc.dng Hi Frammi, You’ve talked about Asian or untrue negotiation. Taking this opportunity, I wish to contribute my opinion as a banker from an Asian country. In theory, the beneficiary of a payment credit can not obtain the payment in advance by negotiating the documents with his bank as … Read More
ANY CHINESE PORT QUERY Any Chinese port Sladjana Skakic – Sweden Your opinion in this question will be much appreciated:.L/C requirement: Shipment from any Chinese portDelivery terms: FOB any Chinese port.B/L states: Shipped on board at Hong KongInvoice states: Delivery terms: FOB Hong Kong.We know that Hong Kong is a Special Administrative Region (SAR) of the People’s Republic of China since July 1, … Read More
AMBIGUOUS REQUIREMENT QUERYCert of Quality issued by an independent surveyor at Loading port Dear sir, L/C require : –shipment from port A to port B –certificate of quality issued by an independent surveyor at loading port, in duplicate presented document: (certificate of quality) point 1) certificate of quality with title "certificate of quality issued by an independent surveyor at loading port" point … Read More
ANOTHER QUERY IN CONNECTION WITH NEGOTIATION UNDER SIGHT PAYMENT L/C QUERY Thank you so much.and the ben want to present docs to my branch for the reason that they are our client and if they present docs to the scb they have to forward docs to Hanoi city and correct them for compliance. It is not convenient. By the way, can you tell me more about the case of presenting … Read More
A NEW REGULATION APPLICABLE TO LCs ISSUED BEFORE THE DATE SUCH A REGULATION COMES INTO FORCE? QUERYL/C at sight Dear DC experts, My customer opened a L/C at sight (applied by UCP 600) aready this L/C covers five units ( including 03 used wheel cranes and 02 used hydraulic excavators). But after this L/C was opend for few days then a new regulation released from Custom Department, this new regulation means used wheel cranes are temporary … Read More