Many thanks to expert opinions given by Mr. T. O. Lee , Mr. Bacon and Mr. Shehab. In order to clarify our view we would like to effect following comments: Of course, we agree to your point of view and negotiation of documents were made by us before query posted. But, maybe due to my poor english (ia...

Could you give me your opinion in a situation like following: Both applicant and beneficiary are our customers and they are involved in a domestic documentary credit transaction. Applicant request our lc import department to issue a doccred in favor of the beneficiary and instructs to advise it thro...

Long years ago in a meeting here in Uruguay, Mr. del Busto explained us that the term "Stale Documents" meant in a case involving an ocean transport for example, when vessel arrives before documents were at issuing bank hands. Nevertheless, many issuing bank continue inserting the clause &...