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Home Tag Archives: Reimbursing bank

Tag Archives: Reimbursing bank

WHEN DOES A CONFIRMING BANK INSIST ON INCLUDING A REIMBURSING BANK IN AN LC?

By Mr Old Man
February 8, 2025
in :  Mr Old Man, Payment, Q&A
0
640

Intro From time to time, confirming banks request that an LC be amended to nominate a reimbursing bank, or even to obtain a reimbursement undertaking. A reader recently asked whether this practice is supported by ICC rules, or whether it is simply a matter of banking practice and risk management. It is a good question, because many practitioners assume that …

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When the LC Has Expired: Can the 10-Day Presentation Period Save the Beneficiary?

Mr Old Man
17 hours ago

Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement?

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1 day ago

Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?

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1 day ago

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UCP 600 ARTICLES 30 AND 31

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FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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17 hours ago

Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement?

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1 day ago

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1 day ago

Thà tử tế nhầm

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1 day ago

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...

Anonymous: Hi Mr. Old Man , What about the case where the email in the BL appears as "ABCST...

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

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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