Search found 3 matches

by MarcoMACRINA
Thu Aug 20, 2009 1:00 am
Forum: General
Topic: issued at loading port
Replies: 5
Views: 3696

issued at loading port

The intention is to have the inspection results at loading port (vs discharge port). Hence I have no problem to accept this document evenso not litterally issued at loading port
by MarcoMACRINA
Mon Aug 17, 2009 1:00 am
Forum: UCP 600
Topic: PRESENTATION PERIOD
Replies: 11
Views: 6478

PRESENTATION PERIOD

The statement ''to be presented within l/c validity'' is in itself a non-sence since documents presented outside l/c validity are not acceptable anyhow. I think that the issuing bank must be more pricise on it's terms. I always require clarification.
by MarcoMACRINA
Thu Jul 23, 2009 1:00 am
Forum: UCP 600
Topic: Confirmation by 2 Banks
Replies: 7
Views: 4472

Confirmation by 2 Banks

I see no problem for the second confirming bank to book the engagement under the first confirming bank. The difference in confirming i/o issuing a IRU might be that the engaging bank likes/must know the underlying transaction.