Search found 2 matches

by DavidConyers
Tue Sep 12, 2006 1:00 am
Forum: UCP 500
Topic: Expiry of a Standby L/C
Replies: 4
Views: 3031

Expiry of a Standby L/C

Hi Everyone, We currently have an Export Standby Letter of Credit that had an Expiry Date of XX with a clause that states documentation must be received by the Issuing Bank no later than XX+21 days. We have subsequently received an amendment on XXXX extending the Expiry Date until YY with latest rec...
by DavidConyers
Fri Jul 07, 2006 1:00 am
Forum: UCP 500
Topic: L/C AMENDMENT
Replies: 5
Views: 3340

L/C AMENDMENT

1. If an amendment to an L/C has been issued and documents are presented as per original L/C disregarding the amendment, does that make the documents discrepant? For example, L/C goods description is LAMB PELT, then an amendment stating goods to be amended to now read as COW HIDE. If amendment has n...