I'm managing with an l/c with a description of goods as the following "S/FACTURA PROFORMA NR.XYZWK". In the invoice we have the a/m description alongwith the accurate details of the goods issued. In the apposite box of the C/O we have only a brief description of the goods dispatched indica...

Several times happen that banks raise discrepancies when the shipper indicated in b/l (or any other transport document) is different from the beneficiary of letters of credit not including the famous clause "third parties documents acceptable" that should not be used as it's not defined in...

Dear Roland,

The stand-by l/c covers a commercial transaction.
Thanks

Dear Sirs,

We would like to contact someone who usually works with transferable stand-by l/c just to clarify some aspects regarding the trasferability.

regards,

Dear friends I need your precious opinion about a problem regarding transferable credits: the first beneficiary of a transferable l/c payable at 150 days b/l instructs transferring bank to transfer the l/c to second beneficiary requesting to change terms of deferred payment in 90 days from b/l in de...

Dear Dimitri, so you mean that in that case if issuing bank receives docs in full copliance with credit terms and conditions by a bank (nominated by beneficiary as negotiating bank) outside USA, it (the issuing bank) may refuse to recognize non-USA bank as negotiating bank and decide not to reimburs...

Is it formally correct that a l/c shows a precise place of expiry (in my case USA) and in the apposite field is indicated 'ANY BANK FOR NEGOTIATION'? Could a bank outside USA negotiate this l/c under beneficiary's request? If a bank outside USA negotiate docs the place of expiry is to consider the c...