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Home Tag Archives: copy of documents

Tag Archives: copy of documents

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

By Mr Old Man
3 weeks ago
in :  Mr Old Man, Payment, Q&A
0
35

Introduction The loss of documents in transit is one of the rare but troublesome risks in documentary credit operations. In the past, it was common practice to dispatch documents in two separate mailings—typically one by courier and the other by airmail—to reduce the risk of total loss. Today, however, many issuing banks instead require the bank handling the drawing to …

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