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DRAWEE UNDER LC AVAILABLE BY ACCEPTANCE

By Mr Old Man
January 28, 2019
in :  Mr Old Man, Q&A
2
10,545

QUESTION Dear Mr. Old Man I need your kind advice on the below situation: An usance LC of 180 days has been issued by RBL Bank, India to Axis Bank, Dubai (direct RMA) Field 41 D: AXIS BANK, BY ACCEPTANCE Field 42 C: DRAFTS AT 180 DAYS FORM THE DATE OF SHIPMENT Field 42 A: DRAWEE: RBL BANK LTD, MUMBAI, …

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UCP 600 ARTICLES 30 AND 31

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FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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