Documentary Collections
Documentary Collections & Remitting Bank Instructions
The following scenario was widely discussed during a recent meeting among bankers. The relevant details: Outgoing collection documents were sent
Generation Next Fashions Ltd. v. JPMorgan Chase Bank, N.A. [2023]
Seller sued Collecting Bank for breach of URC 522
2023 ICC Banking Commission Technical Meeting 24-25 October 2023: Executive Summary
Summary takeaways from the ICC Banking Commission Technical Meeting
Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack
Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?
Egyptian Banks Report LC Openings up 87%
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
Domestic Correspondent Report: Egypt's New Importation Process
Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.
