A documentary credit that expires at the counters of the issuing bank, but is available with a nominated bank by payment, deferred payment, acceptance or negotiation does not provide for the expiry date to be a latest date for presentation of documents to that nominated bank by, or on behalf of, the beneficiary. An expiry date that applies at the counters of the issuing bank requires that the issuing bank must receive the documents no later than that expiry date, subject to sub-article 29(a) not being applicable, ie that the expiry date is not a non-banking day in the issuing bank’s country. In which case, the expiry date will be extended to the next banking day. It also requires that the documents must be presented to the issuing bank within the applicable presentation period.
Hi - With respect to the example given in point no. 14 C scenario 2, if the documents are presented within expiry date to negotiating bank / nominated bank but not received just after expiry date to confirming bank and issuing bank will CB and IB treat the documents as discrepant presentation? Please advise .
Thank u for vedio sir please clarify article 14i I was confusing .....LC issue mana agar 15june ko hogi to seller 15 June k pahle ka invoice kaise dega ..LC milne k baad hi to usko pta chalega kitni quantity me kya bhejna h ....invoice ki date LC ki date k pahle ki kaise ho sakti h
such superb explanation, thankyou
A documentary credit that expires at the counters of the issuing bank, but is available with a nominated bank by payment, deferred payment, acceptance or negotiation does not provide for the expiry date to be a latest date for presentation of documents to that nominated bank by, or on behalf of, the beneficiary. An expiry date that applies at the counters of the issuing bank requires that the issuing bank must receive the documents no later than that expiry date, subject to sub-article 29(a) not being applicable, ie that the expiry date is not a non-banking day in the issuing bank’s country. In which case, the expiry date will be extended to the next banking day. It also requires that the documents must be presented to the issuing bank within the applicable presentation period.
Sir where is your article after 19 of UCP pls upload
I am from Pakistan and it's amazing Masha Allah
Thank you Sir. Videos for rest of the articles are not yet available. You can check other youtube channels for this. Sorry for this.
Hi - With respect to the example given in point no. 14 C scenario 2, if the documents are presented within expiry date to negotiating bank / nominated bank but not received just after expiry date to confirming bank and issuing bank will CB and IB treat the documents as discrepant presentation?
Please advise .
Must recommended
Wow just made everything plane simple 🙂
Thank u for vedio sir please clarify article 14i I was confusing .....LC issue mana agar 15june ko hogi to seller 15 June k pahle ka invoice kaise dega ..LC milne k baad hi to usko pta chalega kitni quantity me kya bhejna h ....invoice ki date LC ki date k pahle ki kaise ho sakti h
Finally we got video
Thank you for this video
Hello Sir, Can u please upload ucp 600 airticle 21 to 30. Many thank in advance.
Kindly upload remaining all articles of UCP 600 and also upload ISBP articles
Third party bl allowed ha ya nhi please clarify
Does anyone the full name of this guy
Third party document kis article ma ha
Kjj
Hello Sir, we are waiting long time Please Upload all articles
Will try