Analysis of Financial Statements At the time a borrower, especially a businessmen or an industrialist, approaches a banker with a credit proposal, the banker investigates into all aspects of the borrower’s business and also about his personal character, capacity and capital. In this task of financial appraisal of the credit […]
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What do you mean inflation, features of inflation and types of inflation
What do you mean inflation, features of inflation and types of inflation Inflation means a substantial and rapid increase in the general price level which causes a decline in the purchasing power of money.Inflation is statistically measured in terms of percentage increase in the price index per unit time (usually […]
Read moreUCPDC 600 ARTICLE 36-39
UCPDC 600 ARTICLE 36-39 ARTICLE 36 : Force Majeure A bank assumes no liability or responsibility for the consequences arising out of the interruption of its business by Acts of God, riots, civil commotions, insurrections, wars, acts of terrorism or by any strikes or lockouts or any other causes beyond […]
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UCPDC 600 ARTICLE 31-35
UCPDC 600 ARTICLE 31-35 ARTICLE 31 : Partial Drawings or Shipments a. Partial drawings or shipments are allowed. b. A presentation consisting of more than one set of transport documents Evidencing shipment commencing on the same means of conveyance and for the same journey, provided they indicate the same destination, […]
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UCPDC 600 ARTICLE 25-30
UCPDC 600 ARTICLE 25-30 ARTICLE 25: Courier Receipt, Post Receipt or Certificate of Posting A courier receipt, however named, evidencing receipt of goods for transport, must appear to: i. indicate the name of the courier service and be stamped of signed by the named courier service at the place from […]
Read moreUCPDC 600 ARTICLE 24
UCPDC 600 ARTICLE 24 ARTICLE 24: Road, Rail or Inland Waterway Transport Documents A road, rail or inland waterway transport document, however named, must appear to: i. indicate the name of the carrier and: • be signed by the carrier or a named agent for or on behalf of the […]
Read moreUCPDC 600 ARTICLE 22-23
UCPDC 600 ARTICLE 22-23 ARTICLE 22 : Charter Party Bill of Lading A bill of lading , however named, containing an indication that it is subject to a charter party (charter party bill of lading), must appear to: i. be signed by: • the master or a named agent for […]
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UCPDC 600 ARTICLE 20-21
UCPDC 600 ARTICLE 20-21 ARTICLE 20 : Bill of Lading A bill of lading however named, must appear to: i. indicate the name of the carrier and be signed by: •the carrier or a named agent for or on behalf of the carrier or •the master or a named agent […]
Read moreUCPDC 600 ARTICLE 18-19
UCPDC 600 ARTICLE 18-19 ARTICLE 18: Commercial Invoice a. A commercial invoice: i. must appear to have been issued by the beneficiary (except as provided in article 38) ii. must be made out in the name of the applicant (except as provided in article 38 ( g ) ); iii. […]
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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 moreUCPDC 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 […]
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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 […]
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