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  • 4 minutes ago Can an Issuing Bank Advise an LC Directly to the Beneficiary?
  • 22 hours ago Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
  • 22 hours ago Does Field 39A Cover Quantity Tolerance?
Home Tag Archives: Advice of LC

Tag Archives: Advice of LC

Can an Issuing Bank Advise an LC Directly to the Beneficiary?

By Mr Old Man
4 minutes ago
in :  Mr Old Man, Payment, Q&A
0
1

One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. …

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