ANOTHER QUESTION ABOUT THE CLAUSE “T.T REIMBURSEMENT ALLOWED” QUESTION Dear Mr. Old Man, May I ask a few questions. 1) Why do issuing banks allow TT reimbursement? because I know China banks do not. 2) Where TT reimbursement is allowed and a reimbursing bank is nominated in LC, I understand it’s not common for the nominated bank to be informed upon LC issuance, am I right? In any … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?