DISCOUNTING A DPU INCURRED BY ISUING BANK QUESTION Dear Mr. Old Man, I have a question regarding the situation where a non-nominated bank wants to prepay a DPU incurred by issuing bank as follows: . Bank C is the confirming bank of the LC issued by Bank I (Issuing Bank). The LC is available with Bank C by Deferred Payment. Bank C added its confirmation and … Read More
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?