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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
309

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
594

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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UCP 600 ARTICLES 30 AND 31

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March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

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...

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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October 19, 2015

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EARLY PRESENTATION

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

Timeline

  • January 30, 2013

    CREDIT INFORMATION INQUIRY; NON-DOCUMENTARY CONDITION; SHIPPED ON BOARD

  • March 8, 2010

    FAX ACTIVITY REPORT

  • March 16, 2010

    TWO SEPARATE DOCUMENTS PRESENTED INSTEAD OF ONE AS REQUIRED

  • October 16, 2024

    What about the 5 banking day rule and can the nominated bank negotiate after the issuing bank accepts the documents for payment?

  • March 7, 2010

    ARBITRAGE

  • September 17, 2012

    INTERPRETATION OF SUB-ARTICLE 7(C) – THE INDEPENDENCE OF THE ISSUING BANK’S UNDERTAKINGS

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