We have issued a confirmed documentary credit avaliable with X bank by deferred payment ie. 270 days after the B/L date. When the documents presented, we recognized that the "issue date" of received for shipment B/L was December 27, 2001 and the "shipped on board date was December 06,...

A transferable L/C states that third party documents are acceptable and a beneficiary's declaration is required. In this situation which party should prepare the declaration - the first beneficiary, second beneficiary or any other third party? Acc.to art.21 the credit should stipulate by whom the do...

ýf the collection instruction indicates that the collecting bank may deliver documents against the drawee's acceptance of a tenor bill of exchange, does the collecting bank has a liability to keep the bill of exchange in his hands after the acceptance of the bill of exchange and delivers the documen...