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Home Tag Archives: Changing payment terms

Tag Archives: Changing payment terms

CHANGING PAYMENT TERMS OF THE LC

By Mr Old Man
November 18, 2013
in :  Mr Old Man, Q&A
31
12,256

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – If the original LC mentions LC at sight, can the 1st beneficiary change this to LC 30 days usance when transferring this LC to the 2nd beneficiary ( if the 2nd beneficiary agrees to LC 30 days). If a sight LC is transferred as a sight LC, …

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Issuance Dates of Documents under UCP 600: What Does Sub-article 14(i) Really Mean?

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

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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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