BANKS DEAL WITH DOCUMENTS AND NOT WITH GOODS QUERY FROM HANI Hi anh! Lai hoi tiep ve L/C ne! Lam phien anh qua! Hihi! Anh cho em hoi, trong truong hop sau khi NHPH nhan duoc bo chung tu cua nha XK, no co 5 ngay lam viec de check bo chung tu nay co phu hop voi L/C hay khong. Hai ngay sau do, khi da check … Read More
BACK TO BACK L/C QUERY FROM Huong Vu Sent To: Mr. Old Man Thanh toan nhap khau hang khong ve vietnam Hi Anh Duc, Em nho anh tu van mot case nay: ngan hang em mo l/c nhap khau xang cho mot cong ty dau khi. hang duoc van chuyen tu nuoc A ve nuoc B khong ve vietnam vi cong ty nay se … Read More
BANK ADVANCES AGAINST EXPORT COLLECTION BILLS QUERY FROM NOVEMBER 11 Draft negotiation under D/P D/A Chào anh Em muốn hỏi trong trường hợp chiết khấu bộ chứng từ xuất theo phương thức nhờ thu thì ngân hàng chiết khấu thường yêu cầu 3/3 B/L qua ngân hàng hoặc B/L lập theo lệnh của ngân hàng chiết khấu (có đúng không ạ?)Trong trường hợp B/L được lập … Read More
AVAILABILITY UNDER TRANSFERRED LC QUERY FROM <[email protected]> Hi a Duc,Rat vui khi duoc biet a, e search cac van de ve LC tren qooqle thi biet dc bloq cua a.E thay nhunq bai viet cua a rat hay va bo ich cho nhunq nquoi lam ttqt. E co van de nay muon hoi a chut dc k a.E co 1 LC : Irrevocable Transferrable– … Read More
ADVISING LC WITHOUT ADDING CONFIRMATION QUERYBy Dholat on Thu Feb 05, 2009 11:36 pm We issued an LC and request a bank in Germany to confirm it. The bank however refused to confirm and sent us a swift to this effect. On the same day we received another swift which says that they have advised the credit without confirming it. Later we negotiated with another … Read More
ARTICLE 18 (b) WHEN THE INVOICE AMOUNT IN EXCESS OF THAT PERMITTED BY LC QUERY FROM PENGUIN Sent 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 … Read More
ARRIVAL ADVISING REPORT QUERY FROM NGUYEN LOAN Field 47A (Additional Conditions) of MT 700 stated: "Payment will be effected against documents with no discrepancies and the arrival advising report from shipping company which expiry date is as same as that of this L/C." Em muốn hỏi Mr là "arrival advising report" là loại chứng từ gì? ———————————- ANSWER FROM MR. OLD MANFrom: Nguyen … Read More
ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED QUESTION Hello, I need some help. Is it possible for another bank to add confirmation to an LC that has already been confirmed? In other words, can an LC have two open confirmations from two separate banks? Thank you in advance. Kind regards, Emsequeira ———– ANSWER Dear Emsequeira, In trade finance, almost anything is possible—provided the parties involved are willing … Read More