UCPDC 600 Bangla What is UCPDC 600 What is UCPDC 600 UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide. UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) … Short Question UCPDC 600 Short Question UCPDC 600 Question:01 What is […]
Read moreMonth: April 2018
UCPDC 600 ARTICLE 15-17
UCPDC 600 ARTICLE 15-17 ARTICLE 15:Complying Presentation a. When an issuing bank determines that a presentation is complying, it must honour. b. When a confirming bank determines that a presentation is complying, it must honour or negotiate and forward the documents to the issuing bank. c. When a nominated bank […]
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UCPDC 600 ARTICLE 12-14
UCPDC 600 ARTICLE 12-14 ARTICLE 12:Nomination a. Unless a nominated bank is the confirming bank, an authorization to honour or negotiate does not impose any obligation on that nominated bank to honour or negotiate, except when expressly agreed to by that nominated bank and so communicated to the beneficiary. b. By […]
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UCPDC ARTICLE 10-11
UCPDC ARTICLE 10-11 ARTICLE 10: Amendments a. Except as otherwise provided by article 38, a credit can neither be amended nor cancelled without the agreement of the issuing bank, the confirming bank, if any, and the beneficiary. b. An issuing bank is irrevocably bound by an amendment as of the […]
Read moreUCPDC ARTICLE 1
UCPDC ARTICLE 1 UCPDC ARTICLE 1 Application of UCP The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600 (“UCP”) are rules that apply to any documentary credit (“credit”) (including to the extent to which they may be applicable, any standby letter of credit) when the […]
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Definition of Negotiable Instrument
Definition of Negotiable Instrument The Negotiable Instrument Act does not define a negotiable instrument and merely states that a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or bearer. This does not indicate the characteristics of a negotiable instrument but only states that […]
Read moreBANKING PPT LECTURE
Banking ppt Lecture To get the lecture click on the image: Roots of Islamic Banking: By Md. Farid Uddin Ahmed,Former MD and CEO, Exim Bank Ltd. Difference between Riba, Bai, Profit and Rent : By Md. Farid Uddin Ahmed,Former MD and CEO, Exim Bank Ltd. To get the lecture click on […]
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