Back-to-Back LC: Must Incoterms Be the Same? Intro In back-to-back LC transactions, questions about Incoterms often come not from the rules—but from the bank’s sense of risk. This case is a good example: what is legally allowed, and what is operationally wise, are not always the same thing. Question Hello Sir, We are doing back-to-back LC and our shipment is under charter party. Import is on FOB … Read More
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