Why LCs require 1/3 of Original B/L Sent Directly to the Applicant? Here’s a classic case where trade logistics outpace banking procedures. A reader recently flagged an unusual LC condition: the requirement to courier part of the original bill of lading set — negotiable, no less — directly to the issuing bank within three working days of shipment. Why the rush? And what’s the logic behind splitting up the B/L set this … Read More
When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions
When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions