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Home Tag Archives: the-documents-presented-under-sight-payment-lc

Tag Archives: the-documents-presented-under-sight-payment-lc

NEGOTIATING THE DOCUMENTS PRESENTED UNDER SIGHT PAYMENT LC

By Mr Old Man
March 11, 2010
in :  Uncategorized
0
2,356

QUERY Dear Sir, I'd like to ask you some common problems about DC transactions. I am working in VCB. My customer has presented a LC that available with SCBLVNVX by payment and asked me to negotiate this LC with recourse basis. Can I accept this and forward to the issuing bank as general rule. In this case, do I have …

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UCP 600 ARTICLES 30 AND 31

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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...

Rupnarayan Bose: LC asking for applicant's name and address from the carrier or its agent is impr...

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