TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*) One of the most frequently misunderstood provisions in UCP 600 is the relationship between a deferred payment maturity date and the five banking days allowed for document examination under Article 14(b). What happens when documents arrive so late that the LC maturity date falls only a day or two after presentation? Must the issuing bank pay on the contractual due … Read More
WHICH PARTY IS LIABLE FOR PAYMENT? QUESTION Dear Sir I hope this mail finds you well. I am Juwel from Bangladesh and have been working in the trade finance department of a bank. I am really delighted to mention that I am one of your biggest fan and follower of you and your blog. Your blog on different subject helped me a lot in learning trade and … Read More