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Home Tag Archives: Legal competent authority

Tag Archives: Legal competent authority

When “Legal Competent Authority” Meets Chamber of Commerce – What Does the LC Really Mean?

By Mr Old Man
October 30, 2025
in :  Mr Old Man, Payment, Q&A
0
153

From time to time, I receive interesting questions from trade professionals that touch on both the letter and the spirit of UCP 600. Here’s one from Mr. C.R. Nishanth about a Certificate of Origin clause that uses the term “legal competent authority.” __________ QUESTION Dear Sir, How’s it going? I have the below clause mentioned in the Letter of Credit: …

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

Mr Old Man: https://vlex.co.uk/vid/banco-santander-sa-v-804497513...

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