Dear readers of this topic, I would be very grateful if anyone could provide me answers and/or more information on the following case. Case: Upon request of a client of ours we have sent documents against acceptance of a draft to the bank of the drawee. Four days later, after sending the documents b...

We have recently received a letter of credit containing a so-called "soft clause". This soft clause states that payment under the credit will ONLY be made once the goods have been cleared through customs or have been approved for importation by a competent authority at their destination. E...

Discussion has arisen regarding the company chop. Does this chop have to include or exclude the signature of the carrier on a CMR?
R337 of the Opinions of the ICC Banking Commission states only that a chop constitutes a signature.

We, a bank in the Netherlands, have been confronted with the following issue. Are promissory letters the same as promissory notes? If not, what is the difference? We have been informed by a greek bank that the issue of promissory notes incurrs stamp duty of 0.52% of the face value of the notes, whil...