Dear Bogdan, Thank you for your reply. The issuing bank is silent and we are still awaiting to receive their reply to our 3 Swift messages, rejecting their refusal. We are also anxious to receive their clarification but all our Swift messages has remained without any reply. Nice week end also to you...

Dear colleague! I would appreciate to receive your comments on the following matter. We, as advising bank, received L/C from a spanish bank with, among others, following terms: QUOTE 41D Available With … By ADVISING BANK BY PAYMENT Field No. 43P Partial Shipments PARTIAL SHIPMENTS ARE ALLOWED Field ...

Still affirmative.
Publication No. 465 was taken as clear typing error!

Yes, it would!

Sorry! I don't agree! It is still the Irrevocable L/C. In case the relevant document is produced, the bank will pay. In case the beneficiary fails to produce it, the bank will not pay. The bank is irrevocably bound to pay in case the condition is fulfilled. If the condition is not acceptable to the ...

I wish to add to all opinions my personal one. I think that recetly we are all dancing arround the Publication UCP 500, which is only the additional tool and not a deity, a tool which uniforms dealing with Letters of Credit and is, normally, the aid in performing this banking service and the aid in ...

Amount Insured: I must admit that I agree with Mr. T.O.Lee, but there are circumstances which unfortunately leed to decissions which are contrary to the basic opinion in the line of the ICC recommendations: - there are countries which banks insist on "crossing of 't's' and the dotting of 'i's'&...

Point No. 1: My personal views, are: I would accept insurance policy rounding insurance amount upwards to the nearest currency unit; e.g. USD 12.612,58 to USD 12.613,00. Rounding upwards to nearest second currency unit or higher would be taken as a discrepancy. Point No. 2: It's my personal opinion,...