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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
124

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
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3,171

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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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March 6, 2010

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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 …

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