Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
ZHAO Jing is a business manager in the trade service center at China Construction Bank. She has worked with documentary credits and documentary collections for eight years and has CDCS certification.
Due to its efficiency, convenience, and absence of any geographical restrictions, the electronic insurance policy has become wildly prevalent around the globe.
