As a bank involved in many LC transactions we completely agree with Mr. O'Brien. Inserting a condition that we will release documents in case of applicant's acceptance without any authorization from the presenter into Advice of refusal seems to us not correct. By including such clause in the LC term...

Dear sirs, We would like to apply to you with the clarification on the following matter and your valuable opinion would be highly appreciated. Having received the application for opening the Letter of Credit under the contract between the Russian Applicant and the Beneficiary located in Bangladesh, ...

We, as issuing bank, received from nominated Bank documents under Letter of Credit. Documents were sent to us by two mails. In first mail we found 2 of 3 originals of Bill of Lading enclosed among other originals of documents. Forwarding letter for documents had reference that third original of Bill...

L/C terms provide presentation of full set (3/3) originals of Bill of Lading. Nominated Bank sent to us, as issuing Bank, set of documents by two mails. First mail contained 2 of 3 originals of Bill of Lading among other documents and the second mail-it's third original. First mail was lost in trans...

Letter of Credit is expired. Unused balance under L/C makes some amount or makes zero. Applicant requests us to effect amendment of L/C and prolong (increase amount etc.) it, although L/C is already expired. Is it possible to effect amendments when L/C has been already expired and undertaking under ...