Search found 3 matches
- 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.
- 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...
- 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...