Search found 4 matches
- Sun Jun 03, 2001 1:00 am
- Forum: General
- Topic: physical acceptance of bills of exchange
- Replies: 4
- Views: 2840
physical acceptance of bills of exchange
this consideration is case by case. if the documents presented to confirming bank with discrepancies, they will not accepted the drafts and send documents to issuing bank for approval and acceptance as the confirming bank performs their liability only if the documents presented is complied with the ...
- Sun Jun 03, 2001 1:00 am
- Forum: General
- Topic: Notify Party in BL
- Replies: 4
- Views: 2623
Notify Party in BL
according to UCP 500, article 23, it does not require that notify party on B/L must be shown. therefore, the B/L is acceptable
- Sun Jun 03, 2001 1:00 am
- Forum: General
- Topic: Wrongful Delivery of documents by Bank.
- Replies: 3
- Views: 2515
Wrongful Delivery of documents by Bank.
The bank in Austraila is wrongfully done their liability. first, they not need to present full set of bill of exchange to drawee for their acceptance. as you known the actual situation of said collection, I will suggest you to request the presenting bank that return the full set of documents to you ...
- Sun Jun 03, 2001 1:00 am
- Forum: General
- Topic: Docs Received fr Presenting Bank subject to URC 522
- Replies: 5
- Views: 3176
Docs Received fr Presenting Bank subject to URC 522
generally speaking, a bank sent documents as presented subject to uniform rules for collection, no.522, it is assumed that the bank is willingless to process under L/C basis. however, it is some time that the presenting bank make an error on collection order, in this case, if the collection order al...