Dear Shahed, ISBP681-para.102 clearly states "if a bill of lading is issued to order or to order of the shipper,it must be endorsed by the shipper." Since the b/l you're writing about is made out to order of shipper and blank endorsed by the shipper the b/l is ok, even if the l/c ask for m...

Roland,
Every move you make to be for better and better.
I wish you enjoy your new work.
Best wishes.
Bogdan

Sean, Why to make a change when everything goes well as it is ? If for 18 years you didn't face any problems,let it be as it is. I presume has been issued in 1989 when Publication 400 was in force. If you really want to change the rules in the middle of the game you may issue an amendment and make i...

Srinivas, I agree with Daniel.As long the doc.complies with UCP's art.it is ok. If, anyhow, you look for a definition,this is one: "Charter airlines operates aircrafts on a charter basis, that is flights that take place outside normal scheduled,by a hiring arrangement with a particular customer...

edith-hungary How do you treat the requirements of art 17 e UCP 600 and art 29 ISBP. If let's say three originals of invoice are required in the credit, presentation of three originals might be unsatisfactory, or not, if the invoice itself indicates that there have more than three originals been iss...

pls review art.2-meaning of confirming bank ("...upon the issuing bank's authorization or request"). unless l/c is amended allowing you to confirm, you may add a silent confirmation under a special agreement concluded between you and bnf. you must be very carefull with the risks you are fa...

Hi.
I think you'll find the answer to your legal dept. and to your swift/corresp.bank dept.
Regards,
Bogdan

Dear Vin, UCP600 (art.10b) clearly states that iss.bank is irrevocably bound as of the time it issues the amendment. There is no reference to how the amendment has been issued/tranmsmitted. UCP600 art.11a states "an authenticated teletransmission of a credit or amendment will be deemed to be th...

either the payment to the bnf is effected on the value date confirming bank reimbursed itself on issuing bank/reimb.bank or is effected prior to such value date, within the period between the docs were found complying with l/c terms and the value date confirming bank claimed (based on a special agre...

Dear Shahed, MT799 is normally used to send or receive information for which another message type isn't applicable. Anyhow,banks are often using MT799 in order to transmit amendments. In my opinion, if the issuing bank clearly states that the MT799 wording is replacing the paym.instructions stated u...