Can a Confirming Bank withdraw its confirmation before expiry of the L/C.? L/c is subject to UCP600.

L/C contained evergreen clause renewing, without amendment, year after year.
Confirming bank initially confirmed the L/C with the same terms, i.e. year after year.
Now the Confirming Bank wants to extend it confirmation only for six months from the

L/C contained evergreen clause renewing, without amendment, year after year.
Confirming bank initially confirmed the L/C with the same terms, i.e. year after year.
Now the Confirming Bank wants to extend it confirmation only for six months from the c

Hello everybody,

Can I have your thoghts on the following scenario.

L/C contained evergreen clause renewing, without amendment, year after year.

Confirming bank initially confirmed the L/C with the same terms, i.e. year after year.

Now they have

Hi all,

We came to know that large percentage of false bills of lding are issued by NVOCC (Non-Vessel Owning Common Carriers).

By looking at the bill of lading, is there any way we can determine whether the b/l has been issued by NVOCC?

Regards,

Is there any requirement (as per UCP 600) to indicate the beneficiary address in the commercial invoice?

Shahed

Hello everybody, Can I have your thoughts on below scenario. Bank A receives an import documents under an usance L/C (30 days sight) from the beneficiary, which found discrepant by the issuing bank, Bank A. Bank A sends a notice of rejection (MT 734) to the beneficiary, and at the same time refer th...

May I have views on under which circumstances the nominated bank decline its nomination?

Regards,

Helo everbody,

Any idea what is the effective date of the new UCP 700?

I would like to seek your advice regarding the latest day for presentation of documents under the following LC terms: - L/C calls for “Shipped on board ocean bills of lading covering port to port shipment”. - Period for Presentation: Document to be presented within 21 days after date of issuance of ...