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  • 2 hours ago With or Without Aval? A Small Question That Changes the Risk in Documentary Collections
  • 2 hours ago Prepayment, Fraud Risk and Article 12 — Where Does the Risk Lie?
  • 2 hours ago Partial Acceptance of an Amendment: A Quiet Trap in UCP 600
Home Tag Archives: a sight draft on reimbursing bank

Tag Archives: a sight draft on reimbursing bank

WHY SHOULD AN ISSUING BANK NOT REQUIRE A SIGHT DRAFT TO BE DRAWN ON THE REIMBURSING BANK?

By Mr Old Man
July 17, 2024
in :  Mr Old Man, Payment, Q&A
0
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QUESTION  Dear Mr. Old Man, I hope this email finds you well. I came across URR 725 while studying for CDCS and found some points unclear for me. Would you please kindly share your thoughts about the following questions? Question 1: Articles 6e-iii and 9c-iii: “An issuing bank should not require a sight draft to be drawn on the reimbursing bank”. According …

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With or Without Aval? A Small Question That Changes the Risk in Documentary Collections

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UCP 600 ARTICLES 30 AND 31

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March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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With or Without Aval? A Small Question That Changes the Risk in Documentary Collections

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Đặng Văn: Tôi ủng hộ ý kiến rất hay của bạn ! Bản thân tôi cũng đã đạp xe đi làm ( và đi c...

Pieter Muus: Dear Mr. Old Man, With all respect due, please allow me to state that you quote...

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Pieter Muus: Interesting . Apparently, this happens a lot in drafts/bills of exchange, since...

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QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

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