Back – to – Back LCs and CAD: Clearing the fog for Traders QUESTION Dear Mr. Old Man, I hope you are doing well. I seek your insights on two points: Regarding back-to-back Letters of Credit, I’ve understood that banks typically require collateral beyond the master LC itself, as it might not be a sufficient guarantee. However, reputable banks like UOB, DBS, and BCP Bank (Mauritius) state on their websites that the master LC can indeed … Read More
BACK TO BACK L/C QUERY FROM Huong Vu Sent To: Mr. Old Man Thanh toan nhap khau hang khong ve vietnam Hi Anh Duc, Em nho anh tu van mot case nay: ngan hang em mo l/c nhap khau xang cho mot cong ty dau khi. hang duoc van chuyen tu nuoc A ve nuoc B khong ve vietnam vi cong ty nay se … Read More
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?