UCP 600 ARTICLES 30 AND 31 1 QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứu về UCP và có mấy phần khó hiểu ở điều 30,31 xin được hỏi anh: -Có phải trong thư L/C ở những chổ ghi số tiền hoặc hàng hóa có chữ about,approximately thì dung sai là 10%? -Hàng hóa tính bằng … Read More
FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103 2 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
TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC 3 QUERY Hi Mr. Old man, Could you give me a word of advice in this case? Details as follows: A transferable L/C is issued by bank A in favor of Ben 1 and Ben 1 transfer this LC to Ben 2 by MT720 through bank B (the bank is nominated as transfering bank in original LC). Ben 2 presents docs … Read More
TO ORDER BILL OF LADING AND ENDORSEMENT 4 QUERY FROM POPBABI Sent To: Mr. Old Man B/L If L/C require B/L to order endorsed of Issuing Bank , it is synonymous with requirement on B/L to be endorsed by Shipper ? At that time, Consignee on B/L must be one of each cases: – to order – to order of shipper – blank – to bearer ——————————————– COMMENT … Read More
DRAFT PAYABLE TO THE ORDER OF THE NOMINATED BANK 6 QUERY FROM SHAHRIAR dear duc, thanks for your excellent analysis. as you have said that a draft is required for a post export finance and nominated bank require a draft for negotiation. but the draft in concern is never on the nominated bank and therefore not even endorsed by them. how can then a draft help a nominated bank then? … Read More
WHAT DOES “AVAILABLE WITH ANY BANK BY NEGOTIATION” MEAN IN VIETNAMESE? 7 QUESTION Anonymous writes: Xin cho hỏi cụm Available in any bank by negotiation có nghĩa là gì và nếu có thể thì dịch sang tiếng việt sao cho thoát ý? —- ANSWER Hi, Cụm từ này có nghĩa là “có thể xuất trình chứng từ tại bất kỳ ngân hàng nào để chiết khấu”. Tiện đây, Mr. Old Man nói … Read More
WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS 8 Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to the following case: At the request of the applicant, we issued an L/C fully secured by the applicant’s deposit account with our bank. The documents required for presentation including 3/3 original bills of lading made out to the order of our bank notify the … Read More
WHERE BILL OF LADING INDICATES AN ADDITIONAL NOTIFY PARTY NOT REQUIRED BY LC 10 QUESTION Dear Mr. Old Man, I have a case relating notify party in bill of lading. LC requires: Full (3/3) set of originals clean shipped on board … and notify the applicant with full name and address. LC applicant: MKH CO.,LTD …….. DIEN BIEN PHU STREET, HO CHI MINH CITY, VIETNAM Bill of Lading presented shows two notify parties as follows: Notify … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?