WHETHER THE NOMINATED BANK IS PROTECTED BY ARTICLE 12 IF IT PURCHASES A DEFERRED PAYMENT UNDERTAKING INCURRED BY THE ISSUING BANK 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 … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?