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Home Tag Archives: Usance LC available with any bank

Tag Archives: Usance LC available with any bank

CAN A USANCE LC BE ISSUED AVAILABLE WITH ANY BANK?

By Mr Old Man
November 5, 2025
in :  Mr Old Man, Payment, Q&A
0
272

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 …

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CAN A USANCE LC BE ISSUED AVAILABLE WITH ANY BANK ?

By Mr Old Man
November 5, 2024
in :  Mr Old Man, Payment, Q&A
0
538

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 …

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One LC, Two Modes of Transport in One Presentation: What Are the Risks?

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UCP 600 ARTICLES 30 AND 31

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March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

Mr Old Man
March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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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...

Anonymous: Hi Mr. Old Man , What about the case where the email in the BL appears as "ABCST...

Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

Timeline

  • January 23, 2024

    WHERE GOODS ARE CONSIGNED TO THE ORDER OF THE COLLECTING BANK

  • September 23, 2012

    SHIPMENT DATE ON AWB

  • January 2, 2019

    COPIES OF DOCUMENTS NEED NOT BE SIGNED

  • August 19, 2023

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  • October 15, 2014

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  • March 16, 2010

    UCP 600 ARTICLE 19 (a) (ii) AND ARTICLE 18 (b)

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