Hello, colleagues! The matter is the following: The l/c initially stipulates presentation of charter party bill of lading. presented bill of lading is OK, EXCEPT the fact that it contains the following printed wording: (of which ON DECK at shipper's risk, the carrier not being responsible for loss o...

L/C issued in English supposes presentation of docs in English. But beneficiary presented docs in Russian and we, acting as Nominated Bank, were able to check the documents in Russian. Can we announce documents to the Issuing Bank as presented in strict conformity with the L/C terms and claim payment?

We have the following situation: Our customer presented documents at the counters of nominated bank A. We failed to receive payment or advice of refusal in time (7 banking days after the date of documents'receipt). Only on 9th day we received advice of refusal stating that due to the technical probl...

I would like to be sure that I clearly understand the meaning of point A of article 48 of UCP. According to this article only Nominated Bank can transfer LC? Let's imagine, that Bank A issued a transferable LC in f/o Bank B (I bnf's bank). Documents should be presented to Bank A. Can Bank B transfer...

I don't have a big experience in a documentary business field, but according to our banking practice and based on the seminars, I consider that the documents are discrepant. If the credit calls for document titled as packing list or smth., then packing list should be presented only.