Adding onto the original enquiry, assuming the credit required 2 shipments to be effected at the following intervals: - By 31 May 01 200 Units of Panasonic Video Recorders By 30 June 01 450 Units of Panasonic Video Recorders Assuming 150 Units were actually shipped on 31 May 01 & the issuing ban...

Credit in SWIFT format gave the following:- Field 42A DRAWEE: BOFCU33SFO UNION BK OF CALIFORNIA SAN FRANCISCO, CAL. U.S.A. CIFNR 31666023 II UID Is it required for the beneficiary to submit drafts incorporating the above full details e.g BOFCU33FO & CIFNR 31666023 II UID? I would also like to en...

Serenachang's earlier enquiry quoted: Credit covered goods to be shipped in 2 instalments.First shipment was short-shipped but applicant accepted discrepancy.Is the LC still available for the second shipment or does it require reinstatement? Adding onto the original enquiry, assuming the credit requ...

I would appreciate your comments on a case that has cropped up on our side. Our credit called for an on board Ocean Bill of Lading evidencing shipment from any Taiwanese Port to Kota Kinabalu, Malaysia. The BL presented has the following information: - Place of Receipt:Blank Port of Loading: Taichun...

Beneficiary submitted compliant docs to us to collect the proceeds. Beneficiary is not interested to negotiate as they do not wish to pay the interest. We are requested to by him to claim reimbursement from the designated reimbursing bank even though we have not given value for the documents. Is it ...

I would like to enquire as to whether a Packing List must be dated & should it show an addressee.

We have received a credit requiring beneficiary to send 1/3 original ocean BL made out to shipper's order & blank endorsed to the applicant through the issuing bank. We would like to enquire whether the issuing Bank could release the BL to the applicant( who subsequently take delivery of the goo...

I would like to hear your comments on the issue of presigned drafts, Documentary Credit Application Forms, etc. We have certain customers who is the sole authorised signatory in our records. Travelling abroad frequently & reluctant to appoint another person as an authorised signatory, they would...