When an Invoice Exceeds the LC Amount: Understanding UCP 600 Sub-Article 18(b) Intro In LC practice, commercial invoices are often treated as rigid documents that must strictly mirror the credit amount. However, UCP 600 allows for a degree of flexibility — provided banks understand where discretion ends and obligation begins. One such provision is UCP 600 sub-article 18(b), which deals with invoices issued for amounts exceeding the LC value. The following Q&A … Read More
ARTICLE 18 (b) WHEN THE INVOICE AMOUNT IN EXCESS OF THAT PERMITTED BY LC QUERY FROM PENGUIN Sent To: Mr. Old Man RE: Điều 18b UCP600 Chào anh, Anh có thể giải thích ý nghĩa của điều 18b-UCP600 giúp em được không ạ? Cám ơn anh nhiều ạ ———————— COMMENT FROM MR. OLD MAN Chào bạn, Cám ơn bạn đã hỏi ý kiến Mr. Old Man. Mr. Old Man xin trả lời câu hỏi … 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?