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Home Tag Archives: can-the-issuing-bank-discount-its-own-accepted-dra

Tag Archives: can-the-issuing-bank-discount-its-own-accepted-dra

CAN THE ISSUING BANK DISCOUNT ITS OWN ACCEPTED DRAFT OR DEFERRED PAYMENT UNDERTAKING?

By Mr Old Man
March 7, 2010
in :  Uncategorized
15
6,294

QUERY FROM GhubshawiCan the issuing bank negotiate? Dear All, According to article 7.a.i & b of UCP600 the responsibility of the issuing bank is limited to honour and not to negotiate. Assume that a deffered L/C is available by negotiation with a nominated bank and that bank doesn't negotiate, could the issuing bank, in light of article 7.v., negotiate in …

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Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...

Kathryn: Dear Mr. Old Man, May I seek your opinion on the following scenario? If goods ar...

Bill: And know your customer....

Mr Old Man: Thank you so much for your kind words. Rup...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit Amendment On board notation SBLC non-documentary conditions CPBL Court Injunction DRAFTS Late presentation Surrendered bill of lading any chinese port expiry-date lc-expired place-of-expiry lc-availability Revolving LC Where the applicant goes bankrupt Where 1/3 BL is to be sent directly to the issuing Insurance document Disposal of docs invoice beneficiarys-name Tà Lang

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