dear Vinod and others, thanks for posting this subject as I have been thinking about this subject a few times before. I believe banks here follow the safe practice of taking an undertaking from the applicant to accept invoice/s as presented without disputing the amount, and calling for a letter of c...

Thanks - Roland, Bogdan and Jeremy

A Documentary Credit called for an Insurance Policy or Insurance Certificate issued to the order of the Issuing Bank. Beneficiary presented a Marine Cargo Certificate indicating among other information in boxed spaces- Assured: (Beneficiary’s name) Vessel: (Carrying Vessel’s name) Consignee: To the ...

From : Lakshmanan Sankaran, CBD, DUBAI ---------------------------- I agree with the view that the beneficiary request for adding partial confirmation is unusual and complicated, but can be accomodated; the Confirming bank needs to be cautious, may be a separate agreement would help considering the ...