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 a recent discussion, US west coast bankers considered a Commercial Export LC indicating in SWIFT Field 44F: “Port of
Perceiving a need among the letter of credit community for guidance on interpretation of the phrase “without delay” regarding the
Pavel Andrle's exploration of the originality of paper and electronic documents - Part 1 of an article series.
The ICC Banking Commission held its 2021 Technical Meeting in a virtual setting conducted via the Zoom online platform on 6-7 October.
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