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Home Tag Archives: checking the LC terms and conditions

Tag Archives: checking the LC terms and conditions

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

By Mr Old Man
June 18, 2026
in :  Mr Old Man, Payment, Q&A
1
92

The role of an advising bank under UCP 600 is relatively straightforward: verify the apparent authenticity of the credit and accurately advise its terms to the beneficiary. But should an advising bank go further and alert its customer to ambiguous, impractical, or potentially troublesome conditions in the credit? A reader recently raised this interesting question. Question Interesting post. I would …

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Certificate of Analysis vs. Certificate of Quantity and Quality: Is It a Discrepancy?

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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Timeline

  • May 8, 2011

    DOCUMENTARY COLLECTION WITHOUT INSTRUCTIONS

  • January 9, 2011

    ISBP PARAGRAPH 159

  • October 29, 2024

    WHETHER THE ADVISING BANK CAN ADVISE THE LC DIRECTLY TO THE BENEFICIARY BYPASSING THE 2ND ADVISING BANK

  • January 3, 2026

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