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Home Tag Archives: Article 12b

Tag Archives: Article 12b

WHETHER THE NOMINATED BANK IS PROTECTED BY ARTICLE 12 IF IT PURCHASES A DEFERRED PAYMENT UNDERTAKING INCURRED BY THE ISSUING BANK

By Mr Old Man
July 30, 2021
in :  Mr Old Man, Q&A
0
2,241

QUESTION Dear expert, I have one question. Could you give me your professional answer? If the nominated bank does not incur a deferred payment undertaking on presentation of complying documents and forwards them to issuing bank. Subsequently can the nominated bank a purchases a deferred payment undertaking from the issuing bank and seek protection under UCP 600 article 12 Regards TF …

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Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...

Kathryn: Dear Mr. Old Man, May I seek your opinion on the following scenario? If goods ar...

Bill: And know your customer....

Mr Old Man: Thank you so much for your kind words. Rup...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit Amendment On board notation SBLC non-documentary conditions CPBL Court Injunction DRAFTS Late presentation Surrendered bill of lading any chinese port expiry-date lc-expired place-of-expiry lc-availability Revolving LC Where the applicant goes bankrupt Where 1/3 BL is to be sent directly to the issuing Insurance document Disposal of docs invoice beneficiarys-name Tà Lang

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Top Tags beneficiarys-name Monkey Mountain Challenge 2025 non-documentary conditions SBLC CPBL Surrendered bill of lading Documents lost in transit Late presentation Amendment On board notation Court Injunction any chinese port negotiation expiry-date DRAFTS
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