Is a Deduction Allowed on the Invoice When the LC Does Not Call for It? Introduction In trade finance practice, many beneficiaries issue invoices showing deductions — such as discounts, credit notes, or advance payment adjustments — even when the LC does not expressly authorise such deductions. This often raises the question: Is the presentation still acceptable under the LC? Below is today’s question from Rohini. QUESTION Dear Mr. Old Man, The LC does not … Read More
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?
Insurance Certificate “To Order” and Blank Endorsement: Is the Absence of a Named Assured a Discrepancy?