Search found 3 matches

by KashifZaidi
Thu Jan 11, 2001 12:00 am
Forum: General
Topic: Certification of documents.
Replies: 5
Views: 3840

Certification of documents.

The official seal of chamber of commerce is more than enough to be treated as certification.
by KashifZaidi
Thu Jan 11, 2001 12:00 am
Forum: General
Topic: Recovery of payment through bank under URC 522
Replies: 3
Views: 2471

Recovery of payment through bank under URC 522

If the documents were released as per the instructions of beneficiary's bank, there is nothing much u can do. The beneficiary bank may ask applicant's bank to forward photocopy of accepted bill of exchange of applicant, the said Accepted B/E may be contested throuh court of law under the terms of Ne...
by KashifZaidi
Thu Jan 11, 2001 12:00 am
Forum: General
Topic: The term Negotiation
Replies: 2
Views: 2049

The term Negotiation

In case we send one document drawn under LC to the applicant's bank without purchasing it. THe schedule used was of Negotiation stating terms as UCP 500. The confusion is that will this be treated as NEGOTIATION as we are not "giving value to the documents." It appears to be a collection t...