Port-to-Port or Multimodal? When the LC Plays Tricks Intro Letters of credit can sometimes read like riddles—especially when issuing banks mix up transport fields. A common source of confusion is whether an LC is asking for a straightforward port-to-port shipment or a multimodal one. The distinction matters because the rules (and risks of discrepancies) change depending on which UCP article applies. In this Q&A, Dom shares an LC … Read More
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?
When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?