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Home Tag Archives: Documentary credits

Tag Archives: Documentary credits

Documentary Credits: Safe… but not as certain as we think

By Mr Old Man
1 day ago
in :  Articles, Mr Old Man, Payment, Q&A
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This article is inspired by “Documentary credits and the illusion of certainty – resolving the real problem” by David Meynell. □ We tend to think of letters of credit as a “safe” method of payment. As long as documents comply with the terms of the credit and UCP 600, payment should follow. Banks examine documents, not goods. They do not …

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