HÌNH THỨC THANH TOÁN CỦA THƯ TÍN DỤNG & SỬ DỤNG HỐI PHIẾU THEO THU TÍN DỤNG Theo Điều 6 (b) UCP 600, thư tín dụng phải nêu rõ hình thức thanh toán của nó, tức là, bằng hình thức trả ngay (available by sight payment), bằng hình thức trả chậm (available by deferred payment), bằng hình thức chấp nhận (available by acceptance) hoặc là bằng hình thức chiết khấu (available by negotiation). Hình thức thanh toán … Read More
DRAFTS UNDER LETTERS OF CREDIT, CONFIRMATION, PART PAYMENTS UNDER DOCUMENTARY COLLECTIONS QUESTION Hi Your blog is super helpful for a beginner like me. I have some doubt about drafts and confirmation on LC and collections. Could you please brief about Field 41a. There are 5 types of payment terms, how drafts are to be prepared, and the drawbacks and drawbacks of each payment term? BY ACCEPTANCE BY DEF PAYMENT BY MIXED PYMT … Read More
LC AVAILABILITY This article can also be viewed on www.letterofcreditforum.com QUERY FROM NEVILLE DCOSTAI need some clarification with regards to L/c Dear Sir I would like to know what is the difference between l/c available by Payment, available by Negotiation, available by Deferred payment and available by Negotiation. Regards, Neville Dcosta ———————-COMMENT Dear Neville Dcosta, As you may know, an LC may … Read More
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?