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    Can a Bank Accept a Counter-Guarantee Issued by an Insurance Company?

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Home Tag Archives: Exclusion of sub-article 12b

Tag Archives: Exclusion of sub-article 12b

WHAT IS THE IMPACT OF EXCLUSION OF UCP 600 SUB-ARTICLE 12b?

By Mr Old Man
March 17, 2025
in :  Mr Old Man, Payment, Q&A
0
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QUESTION Dear Mr. Old Man, I hope my email finds you doing well I would ask you if the issuing bank wish to exclude article 12 b by credit what is the impact and scenario in this case. Thanks for your reply in advance Regards Firas —- ANSWER Hi, UCP 600 Sub-article 12(b) states that when an issuing bank nominates …

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