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  • 7 hours ago THE BENEFICIARY CERTIFIES THE VESSEL IS SEAWORTHY — REALLY?
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Home Tag Archives: Refusal under Transferred LC

Tag Archives: Refusal under Transferred LC

CAN THE TRANSFERRING BANK REFUSE DISCREPANT DOCUMENTS PRESENTED BY THE SECOND BENEFICIARY?

By Mr Old Man
November 28, 2025
in :  Mr Old Man, Payment, Q&A
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Mr. Old Man answers a student’s question on transferable L/C practice  Transferable credits often create tricky situations – especially when documents are presented by a second beneficiary under a transferred LC. Recently, a student wrote to Mr. Old Man about a practical scenario involving discrepancies in the  second beneficiary’s presentation  and the role of the transferring bank. Below is the …

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RỬA TIỀN CÓ PHẢI LÀ… RỬA TIỀN?

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UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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  • April 23, 2011

    NEGOTIATING THE COPIED DOCUMENTS

  • March 5, 2010

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