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Home Tag Archives: article 30(b)

Tag Archives: article 30(b)

More of less 5% – A Small Tolerance, A Big Debate?

By Mr Old Man
April 9, 2026
in :  Mr Old Man, Payment, Q&A
0
117

A familiar situation in documentary credits: a few kilograms short, a few dollars less—and suddenly, Article 30(b) becomes the center of discussion. Does tolerance quietly apply, or does the LC still demand strict compliance? QUESTION Dear Mr. Old Man, Hope you are doing well. Request you to clarify below queries: Case Details: 1 LC allows 5/5 tolerance in LC Value. …

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

Mr Old Man: https://vlex.co.uk/vid/banco-santander-sa-v-804497513...

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