i would appreciate to learn about the following matter:
what diffrences are between remittance documents on approval and collection basis under a credit
when has a bank dispatched documents on approval basis and when has a bank dispatch documents on collection basis
majid mahmoodi

THE CASE: A) bank 'AAA' (issuing bank) issued an l/c in favour of an exporter available with bank 'BBB'(advising and paying bank)by payment. B) the exporter presented the documents to bank 'BBB' who mad a payment by debiting account of issuing bank with itself . C) the issuing bank upon checking doc...

it would be highly appreciated if you give me your opinino in respect of the meaning of third party b/l when a credit prohibits the presentaion of third b/l does such a term relate to the naming of the shipper or to the actual issuer (Third Party B/L not being accepted meaning that it must be issued...

It would highly appreciated if you would send me your opinion in respect of following query: as per sub article 31(iii) of ucp 500 it is understood that a third party transport document is to be shown on its face the consignor of the goods a party other then beneficiary; now in a credit which is iss...