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Home Tag Archives: Is-the-confirming-bank-a-nominated-bank

Tag Archives: Is-the-confirming-bank-a-nominated-bank

Is a Confirming Bank Always a Nominated Bank? Understanding Dual Confirmation and Place of Expiry

By Mr Old Man
August 2, 2025
in :  Mr Old Man, Payment, Q&A
0
150

Introduction: At first glance, the roles of confirming and nominated banks under UCP 600 seem clearly defined—but in practice, especially when more than one confirming bank is involved, the lines can blur. What happens when a credit is confirmed by two banks, but documents must be presented at only one location? Who is obligated to pay, and what if the …

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IS THE CONFIRMING BANK A NOMINATED BANK?

By Mr Old Man
March 6, 2010
in :  Uncategorized
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2,839

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March 16, 2010

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Mr Old Man: 1/ Yes. A finance company can act as a remitting bank under a documentary collec...

Yao zu: Can remitting bank be a finance company? Can collecting bank make payment using...

Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...

Kathryn: Dear Mr. Old Man, May I seek your opinion on the following scenario? If goods ar...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit On board notation Amendment Chat GPT Revolving LC SBLC non-documentary conditions CPBL confirmation Insurance Court Injunction Late presentation Surrendered bill of lading any chinese port beneficiarys-name expiry-date lc-expired place-of-expiry lc-availability Where the applicant goes bankrupt Where 1/3 BL is to be sent directly to the issuing DRAFTS Insurance document

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Top Tags SBLC Insurance On board notation negotiation Documents lost in transit Late presentation Amendment CPBL DRAFTS Chat GPT confirmation Court Injunction Monkey Mountain Challenge 2025 non-documentary conditions Revolving LC
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