Who Gets to Discount a Deferred Payment LC? (A question that often pops up over coffee among trade bankers) Sometimes in LC discussions, what seems like a simple question turns out to be surprisingly layered. A friend recently asked whether an advising bank can discount a deferred payment under a confirmed LC, when the confirmation was added by another bank. At first glance, you might think, “Why not?” … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?