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  • 4 hours ago LC EXPIRES WHERE? ADVISING BANK, NOMINATED BANK OR ISSUING BANK?
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Home Tag Archives: figure vs amount

Tag Archives: figure vs amount

WHEN WORDS AND FIGURES DON’T AGREE: Is It a Discrepancy under UCP 600?

By Mr Old Man
January 17, 2026
in :  Mr Old Man, Payment, Q&A
2
413

Intro Differences between the amount in words and the amount in figures are among the most common issues encountered in document examination under letters of credit. At first glance, such inconsistencies appear to be straightforward discrepancies. However, practice shows that the answer is not always the same, particularly when a bill of exchange (draft) is involved. While UCP 600 establishes …

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LC EXPIRES WHERE? ADVISING BANK, NOMINATED BANK OR ISSUING BANK?

Mr Old Man
4 hours ago

Can Article 18(b) Save an Invoice Exceeding the L/C Amount When Article 30(b) Applies?

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4 hours ago

IRONMAN… WHY NOT IRONWOMAN?

Mr Old Man
13 hours ago

IRONMAN… SAO KHÔNG CÓ IRONWOMAN?

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13 hours ago
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UCP 600 ARTICLES 30 AND 31

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

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Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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  • June 21, 2022

    STANDBY LETTERS OF CREDIT INSTEAD OF BANK GUARANTEES

  • March 6, 2018

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