Month: November 2017
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SEVERAL QUESTIONS REGARDING TRANSPORT DOCUMENTS
QUESTION Dear Mr. Duc, I am from Techcombank, Trade finance import department. I have admired your works and your knowledge, and you are the one who inspire me a lot. Today I would like to seek your wise counsel about some cases Case 1: + L/C stipulate: Port of discharge: Hochiminh port + B/L indicate:…
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WHERE THE CONFIRMING BANK DOES NOT EXTEND ITS CONFIRMATION TO AN AMENDMENT
QUESTION Dear Mr. Old Man, I would like to ask you about confirmed LC. Bank B are requested by iss bk to act as confirming bank. Let say tenor at sight and partial shipment allowed. Bank B advised the LC to bank C with adding confirmation. Then bank B received amendment , expiry LC from…