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Home Tag Archives: Sanctions

Tag Archives: Sanctions

When a Confirming Bank Adds Its Own Sanctions Clause — Is It Allowed?

By Mr Old Man
December 8, 2025
in :  Mr Old Man, Payment, Q&A
0
78

Introduction Sanctions clauses continue to create operational challenges in documentary credit practice, especially when multiple banks apply different compliance standards. A common problem arises when the confirming bank adds its own sanctions requirement, even though the issuing bank has already inserted a sanctions clause in the LC.  In this Q&A, we look at a real case involving an LC issued …

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Đặng Văn: Tôi ủng hộ ý kiến rất hay của bạn ! Bản thân tôi cũng đã đạp xe đi làm ( và đi c...

Pieter Muus: Dear Mr. Old Man, With all respect due, please allow me to state that you quote...

Mr Old Man: Thank you for reminding me of ISBP 821 paragraph B14. As far as I recall, earlie...

Pieter Muus: Interesting . Apparently, this happens a lot in drafts/bills of exchange, since...

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