Understanding ‘Full Set Less One’ & Discrepancy Fee Claims After Reimbursement QUESTION Dear Mr. Old Man, We would appreciate your comments on the following: Question 1: The letter of credit states in Field 46A: “Full set less one original bill of lading.” If the bill of lading indicates that it was issued in 3 originals (e.g., 3/3), would the presentation of 2 original bills of lading be considered compliant with the … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?