Issues Regarding Transferable Credits under UCP600 Article 38
Drawing on the China case, Luoyang Aviation, Saibo Jin examines the relationship between the transferred credit and the original credit.
On 14 July 2025, the United Nations Commission on International Trade Law (UNCITRAL) announced its approval of the draft convention on negotiable cargo documents (NCDs) during its 58th session and its recommendation for adoption by the United Nations General Assembly.
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