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    Can a Bank Accept a Counter-Guarantee Issued by an Insurance Company?

    Additional Costs and Unit Price Adjustments Under an L/C

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Home Tag Archives: Whether-draft-is-to-be-drawn-on-issuing-bank-or-co

Tag Archives: Whether-draft-is-to-be-drawn-on-issuing-bank-or-co

WHETHER DRAFT IS TO BE DRAWN ON ISSUING BANK OR CONFIRMING BANK

By Mr Old Man
March 6, 2010
in :  Uncategorized
1
6,929

QUERY FROM DMSHETTY We had issued an Import Lc available by negotiation, authorising the advising Bank to add their confirmation and the Draft to be drawn on Confirming Bank. The advising Bank agreed to Confirm the Lc but wanted the draft to be drawn on us (i.e. Issuing Bank). Whether the advising Bank's request is in order? ————————- COMMENT N.H.DUC …

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UCP 600 ARTICLES 30 AND 31

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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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