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  • 5 hours ago Nominated But Not Obligated: What UCP 600 Really Expects from Nominated Banks
  • 1 day ago Typed vs. Pre-printed: Where Are Insurance Claims Really Payable?
  • 2 days ago DO THE CUSTOMER A FAVOUR?
Home Tag Archives: When-a-confirmed-lc-becomes-an-unconfirmed-lc

Tag Archives: When-a-confirmed-lc-becomes-an-unconfirmed-lc

WHEN A CONFIRMED LC BECOMES AN UNCONFIRMED LC?

By Mr Old Man
March 6, 2010
in :  Uncategorized
0
2,279

QUERY FROM anilnair1966 hi under which condition that a confirmed letter of credit subject to UCP 600 may become unconfirmed without the consent of the beneficiary. ———————————— ANSWER When a confirmed LC becomes an unconfirmed LC? Hi, Please find herewith Mr. T.O Lee’s model answer to your query: QUOTE The last sentence in sub-article 10 (b) of UCP 600 should …

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Nominated But Not Obligated: What UCP 600 Really Expects from Nominated Banks

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5 hours ago

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Why LCs require 1/3 of Original B/L Sent Directly to the Applicant?

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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 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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2 days ago

Lica Mauer: In reply to Lucky comment: there is a clear omission of terms and conditions eit...

Vo Ngoc Vinh: great experience, i enjoyed it...

Mr Old Man: Hi, I am not sure I understand your question correctly. According to sub-article...

Iqbal Moolla: Dear Mr. Old Man, I trust you are well. If there is a Deferred Payment LC for 90...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit Amendment SBLC non-documentary conditions On board notation Chat GPT Hoa Bac CPBL Where 1/3 BL is to be sent directly to the issuing lost in transit notify party any chinese port lc-availability expiry-date place-of-expiry transferred LC NUMBER OF ORIGINALS 24 hour charity cycling event Late presentation invoice Tà Lang Shipping guarantee confirmation

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