Search found 4 matches

by laukinpongdave
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 ...
by laukinpongdave
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
by laukinpongdave
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 ...
by laukinpongdave
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...