There was a decision of ICC Commission on Banking Technique on 12 july 1999 'The determination of an 'Original' document in the context of ucp500 sub article 20b': the doc is treated as original if it: a) apperars to be written,typed,perforated,or stamped by the document issuer's hand; b) appears to...

With ref to article 48g I have a question. May the L/C be transferred two times if it is mentioned in its terms that it can be transferred twice. In case of positive reply, shall we than ignore the stipulation of the article that 'the credit can not be transferred at the request of the second bene t...

I would like to discuss the following situation: issuing bank is in the process of making the following amendment of a standby L/C (subj to UCP 500): prolongation of the expiry date and amendment of a confirming & nominated bank (it is known beforehand that the present confirming bank is not in ...