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Home Tag Archives: no-need-to-cancel-the-l-c

Tag Archives: no-need-to-cancel-the-l-c

NO NEED TO CANCEL THE L/C

By Mr Old Man
March 11, 2010
in :  Uncategorized
0
2,499

BIMALSHRESTHA'S QUERYL/C EXPIRY DEAR L/C EXPERT, I,D LIKE TO KNOW WHAT WILL HAPPEN TO THE L/C IF THE BENEFICIARY PRESENTS L/C DOCUMENTS TO THE BANK AFTER THE L/C EXPIRY DATE?CAN THE IMPORTER REJECT THE DOCUMENTS AND WILL IT CANCEL THE L/C ?PLZ NOTE IT IS IRREVOCABLE LC AT SIGHT. ———————MR. OLD MAN'S COMMENTNo need to cancel the L/C Dear Bimalshrestha, …

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UCP 600 ARTICLES 30 AND 31

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

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