WHERE LC CONTAINS THE CLAUSE “NO THIRD PARTY DOCUMENTS WILL BE ACCEPTED” QUESTION Mr. Old Man, It will be helpful if you could help me out regarding Transferable LC. I have got Transferable LC with Clause that ” No Third Party Documents will be accepted” and Buyer’ s bank has refused to amend this detail. But the B/L and Certificate of Origin and all will have third party as exporter. Please can … Read More
Who Bears the Risk? Understanding Issuing vs. Nominated Bank Responsibilities under Different LC Availabilities
Who Bears the Risk? Understanding Issuing vs. Nominated Bank Responsibilities under Different LC Availabilities