Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
In the latest installment of his article series on originality of paper and electronic documents, Pavel Andrle addresses practical use of the current ICC rules and matters he believes need clarified to better facilitate use of electronic records in trade finance.
In the first part of my article series on this expansive topic, I analyzed various aspects of paper documents presentation, issues of originality, and ways of signing paper documents.
In the second, I focused on electronic documents and how they are treated by practice rules (UCP, ISP, and URDG) and further elaboration as relates to eUCP and ISDGP. This second article dealt mainly with issues regarding the meaning of electronic document (record) under the rules, what is an electronic signature, and matters of authentication.
The third article examined considerations surrounding electronic guarantees.
These articles set the scene for further discussion of the topic. In continuing this series, I take up factors relating to issuance and presentation of electronic documents under trade finance instruments. The intention is to focus on practical interpretation and use of the rules today and what remaining issues need clarified to more fully foster use of electronic records in the area of documentary credits and demand guarantees.
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
Banks that handle collections must not neglect the product and have proper controls in place to deal with the risks.
The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
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