CAN A USANCE LC BE ISSUED AVAILABLE WITH ANY BANK? INTRO At first glance, it may sound reasonable to make a usance LC “available with any bank.” After all, the more flexibility for the beneficiary, the better—right? But in practice, things are rarely that simple. Under UCP 600, a nominated bank has no obligation to act unless it agrees to do so. That small detail makes all the difference, as … Read More
CAN A USANCE LC BE ISSUED AVAILABLE WITH ANY BANK ? QUESTION Chào Mr. Old Man, Em có thắc mắc về LC rất mong Mr. Old Man giải đáp. Ngân hàng em phát hành LC trả chậm thường quy định ở trường 31D và trường 41D như sau: 31D: Date and Place of Expiry: … Issuing Bank 41D: Available with ISSUING BANK by acceptance hoặc by deferred payment Em thắc mắc … Read More