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Home Tag Archives: LC is cancelled without Ben’s agreement

Tag Archives: LC is cancelled without Ben’s agreement

LC CANCELLED WITHOUT BENEFICIARY'S AGREEMENT?

By Mr Old Man
March 5, 2010
in :  Uncategorized
2
6,904

QUERY FROM PTN IN DCPRO FORUM Pls urgently let us know yr ideas and the relating ICC ideas on our following case:– We issued an irrevocable LC in favour of a beneficiary in China with the expiry date in the end of 2009– The applicant requested us to cancel LC and get back the deposit. They presented to us a …

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UCP 600 ARTICLES 30 AND 31

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Mr Old Man: Thank you for reminding me of ISBP 821 paragraph B14. As far as I recall, earlie...

Pieter Muus: Interesting . Apparently, this happens a lot in drafts/bills of exchange, since...

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