LC requirement: Certificate of Origin issued by the Chamber of Commerce of the exporting country. The Certificate of Origin prepared in electronic format bearing a bar code and presented in hard copy indicating for an online verification of the certificate by visiting the issuer's website. It contai...

Dear Dimitri,

We actually considered the documents for the second shipment discrepant and we contacted the applicant who accepted the discrepancy.

Dc indicates in description of goods "Charcoal AND Firewood CFR ...Port" No quantity of goods or unit prices are shown in the Letter of Credit. Partial Shipments are allowed. Two sets of documents were already presented covering Charcoal and showing description of goods on invoices as &quo...

UNDER A LETTER OF CREDIT ESTABLISHED BY OUR BANK, PROVIDING FOR PORT TO PORT SHIPMENT, WE WERE PRESENTED WITH A COMBINED TRANSPORT BILL OF LADING INDICATING A PORT OF LOADING AND A PORT OF DISCHARGE AND A SPECIFIC VESSEL (NO PLACE OF RECEIPT IS INDICATED). IT ALSO CONTAINS AN ON BOARD NOTATION READI...

A Stanby Letter of Credit is issued subject to the Intarnational Standby Practices ICC Publication No.590 (ISP98). It is not mentioned in the Standby L/C that it is governed by any specific law. Question: Can we assume that the law applicable in the above Stanby L/C is the law at the place of issuan...