An L/C was opened in the about value. Delivery terms are FOB. The l/c requires legalization of com/inv and c/o. com/inv. shows additional amount of $750 being legalization charges, and the total amount is within the about value of the L/C. negotiating bank certifies compliance of docts. with L/C ter...

USUALLY LOCAL LCS ISSUED ( LOCAL DELIVERY ) DOCUMENTS REQUIRED INVOICE AND DELIVERY NOT.SUCH DOCS TO BE COUNTERSIGNED BY THE APPLICANT.DOCS PRESNTED FOR NEG. AND DULY SIGNED BY APPLICANT CONFIRMING RECEIVING OF GOODS IN GOOD ORDER BUT PERIOD OF PRESENTATION EXCEEDS THAT STIPULATED IN THE L/CS. SHOUL...

Dimitri: - the bills are consigned TO THE ORDER rather than Straight Bills. I may have misled you. Dimitri & Abdulkader: - our trade specialists are indeed involved and they believe, but are not sure, that the scenario may be as follows: the Applicant in our case is also the beneficiary of a bac...

Dear Dimitri, Thanks for your response and sorry for the delay in my feedback. 1- in exceptional cases and for certain customers, our credit policies may allow third country imports and outside contracts. 2- The issuing bank, I agree, does not have control over the merchandise and therefore any prio...

I appreciate your views and feedback on the following situation: The Applicant (in Dubai) applies to the Issuing Bank (in Dubai) to open a documentary credit in favor of the Beneficiary (in Egypt). The Credit is available by acceptance (at 90 days from the Bill of Lading Date) with Bank X (in Egypt)...