WHERE THERE IS NO COLLECTION INSTRUCTION QUERY FROM V.Tohidi AS AN L/C SPECIALIST WORKING IN BANK, I HAVE RECEIVED A SET OF DOCUMENTARY COLLECTION WITHOUT COLLECTION ORDER , DIRECTLY FROM THE BENEFICIARY WHICH THE B/L IS TO THE ORDER OF THE BUYER.WHAT SHOULD I DO WHILE 1- THERE IS NO COLLECTION ORDER 2- B/L IS TO THE ORDER OF THE BUYER AND NOT TO THE ORDER … Read More
WHETHER DRAFT IS TO BE DRAWN ON ISSUING BANK OR CONFIRMING BANK QUERY FROM DMSHETTY We had issued an Import Lc available by negotiation, authorising the advising Bank to add their confirmation and the Draft to be drawn on Confirming Bank. The advising Bank agreed to Confirm the Lc but wanted the draft to be drawn on us (i.e. Issuing Bank). Whether the advising Bank's request is in order? ————————- COMMENT N.H.DUC … Read More
VESSEL NAME ON BILL OF LADING QUERY FROM NGUYEN TRANGRE: Vessel's name Dear Mr. Old Man, On B/L, the vessel s name is indicated as V.123W – for example. However, on other docs, the vessel s name is 123W (without a V. ). Is it a discrepancy? I thought that V. just stands for Voyage No. so it is not a discrepancy, but my manager disagreed. … Read More
WHEN THE PROFORMA INVOICE IS AN INTEGRAL PART OF LC QUERY Nếu L/C đính kèm 1 proforma invoice thì NH sẽ phải kiểm tra những gì? ———————— ANSWER FROM MR. OLD MAN Nếu proforma invoice được gửi kèm như là một phần không tách rời LC thì thanh toán viên phải kiểm tra chứng từ có phù hợp với proforma invoice hay không, thông thường là kiểm tra các chi … Read More
WHEN A BILL OF LADING SHOWS MORE THAN ONE ON BOARD NOTATION QUERY Trong ví dụ tính ngày đáo hạn của hối phiếu: Trên cùng một hối phiếu thể hiện 2 cảng và 2 ngày onboard. Trường hợp này xảy ra khi nào? ——————————— ANSWER FROM MR. OLD MAN Trường hợp này xảy ra khi hàng hóa được giao từ các cảng ở cùng khu vực địa lý. Ví dụ: LC yêu … Read More
WHEN A BILL OF LADING SHOWS MORE THAN ONE ON BOARD NOTATION QUERY Trong ví dụ tính ngày đáo hạn của hối phiếu: Trên cùng một hối phiếu thể hiện 2 cảng và 2 ngày onboard. Trường hợp này xảy ra khi nào? ——————————— ANSWER FROM MR. OLD MAN Trường hợp này xảy ra khi hàng hóa được giao từ các cảng ở cùng khu vực địa lý. Ví dụ: LC yêu … Read More
WHEN AN AMENDMENT COME INTO FORCE? QUERY FROM KHRATHA UCP600 article 10 section f states that " a provision in an amendment to the effect that the amendment shall enter into force unless rejected by beneficiary within a certain time shall be disregarded". This article is so complecated for me. And I would like to ask you all if you could explain this article with giving … Read More
WHEN A MULTIMODAL BL IS ACCEPTABLE QUERY FROM BOPBABI Chào anh, Em có câu hỏi sau đây: L/C quy định: 44E: X port. 44F: Y port. 46A: port to port B/L required.47A: Multimodal B/L acceptable. Theo anh, minh nen tu van cho KH khi mo L/C , quy dinh them trong truong 47 A la: Multimodal B/L acceptable. In case multimodal B/L presented, B/L must show … Read More
WHEN A CONFIRMED LC BECOMES AN UNCONFIRMED LC? QUERY FROM anilnair1966 hi under which condition that a confirmed letter of credit subject to UCP 600 may become unconfirmed without the consent of the beneficiary. ———————————— ANSWER When a confirmed LC becomes an unconfirmed LC? Hi, Please find herewith Mr. T.O Lee’s model answer to your query: QUOTE The last sentence in sub-article 10 (b) of UCP 600 should … Read More
TRANSFERRING BANK'S PAYMENT OBLIGATION QUERY FROM MANISH JAIN Article 38 (h) deal with substitution of invoice and draft in transferable credit. First beneficiary has the right to substitute its own invoice & drafts for those of second beneficiaries, for an amount totaling to the full value of the credit. First, beneficiary is also permitted to draw for any difference in amount between its draft, … Read More