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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
658

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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Nhớ Bãi đá Triệu năm

Mr Old Man
3 hours ago

Clarification on “On Board AWB” and “Inland Transit Limit”

Mr Old Man
9 hours ago

Chờ nhau mấy triệu năm…

Mr Old Man
13 hours ago

Cà phê và Mưa…

Mr Old Man
1 day ago
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Nhớ Bãi đá Triệu năm

Mr Old Man
3 hours ago

Clarification on “On Board AWB” and “Inland Transit Limit”

Mr Old Man
9 hours ago

Chờ nhau mấy triệu năm…

Mr Old Man
13 hours ago

Cà phê và Mưa…

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1 day ago

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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