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What Happens if Letter of Credit is Silent in Regards to the Period of...

Documents must be presented to the nominated banks within allowed time frame under letters of credit payments. Otherwise issuing banks or confirming banks raise late...

Stale Bill of Lading

According to the letter of credit rules a presentation consists of a transport document should be presented to the nominated bank within 21 days...
Latest Date of Shipment and Expiry Date

What Does Latest Date of Shipment and Expiry Date Mean in a Letter of...

On this post, you can find explanations regarding the latest date of shipment and expiry date. If a letter of credit requests presentation of a...
stale documents

Stale Documents

Some letters of credit indicate that stale documents are not acceptable. In rare circumstances letters of credit may also indicate that stale documents are...

Top 10 Letter of Credit Discrepancies

Discrepancy can be defined as an error or defect, according to the issuing bank, in the presented documents compared to the documentary credit, the...
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