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Home Tag Archives: Usance LC

Tag Archives: Usance LC

Confirmed Usance LCs: Who Actually Gets Paid—and by Whom?

By Mr Old Man
April 30, 2026
in :  Mr Old Man, Payment, Q&A
0
187

Questions on confirmed usance LCs are often less about whether they can be issued, and more about how they operate in practice. In particular, the roles of the nominated bank and the confirming bank—and their respective obligations—can give rise to uncertainty. The following Q&A looks at two practical points: the possibility of issuing a confirmed usance LC, and, more importantly, …

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USANCE LC

By Mr Old Man
November 11, 2011
in :  Uncategorized
0
3,180

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UCP 600 ARTICLES 30 AND 31

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FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

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March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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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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