CDCS Study materials 2020-2021

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eUCP

eUCP Chapter-23 Learning objectives: This chapter includes a brief history and outline of eUCP. By the end of this chapter, you should be able to: ◆◆ describe the features of eUCP; and ◆◆ understand the contrast between the rules in UCP 600 and those under eUCP. 23.1 eUCP The ICC published its Supplement to the …

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Bank to bank reimbursements and reimbursement from aid agencies

Bank to bank reimbursements and reimbursement from aid agencies

Bank to bank reimbursements and reimbursement from aid agencies 22.1 The relationship between an issuing bank and a reimbursing bank Although only one bank (an issuing bank) is necessary to facilitate reimbursement under a documentary credit, in many cases an issuing bank will nominate another bank to reimburse a nominated bank that has honoured or negotiated a …

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CDCS Study material

CDCS study materials-The features of documentary credits

CDCS study materials-The features of documentary credits Chapter-20 20.1 Introduction CDCS study materials-The features of documentary credits Some features and conditions are fundamental to all documentary credits; others, by means of the insertion of clauses or a recognised form of wording, provide a speciality function. A number of these characteristics are provided for within UCP 600 and ISP98, …

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CDCS Study material

The features of documentary credits

The features of documentary credits The features of documentary credits: Some features and conditions are fundamental to all documentary credits; others, by means of the insertion of clauses or a recognised form of wording, provide a speciality function. A number of these characteristics are provided for within UCP 600 and ISP98, but others have gained acceptance under the umbrella …

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CDCS study materials

CDCS study materials-Transferable credits, back-to-back credits and assignment of proceeds

CDCS study materials-Transferable credits, back-to-back credits and assignment of proceeds Chapter-19 19.1 Transferable documentary credits Transferable documentary credits are one of the more common types of documentary credit. There are a number of similarities with (and differences to) back-to-back documentary credits, which are reviewed in section 19.2. In its simplest form, a documentary credit is …

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Document characteristics and preparing documents-www.bankingallinfo.com

Document characteristics and preparing documents-www.bankingallinfo.com

Document characteristics and preparing documents-www.bankingallinfo.com Document characteristics and preparing documents-www.bankingallinfo.com 12.1 Introduction As discussed in Chapter 7, an issuing bank of a documentary credit gives an undertaking that it will honour a complying presentation made under it.A presentation will be made by, or on behalf of, the beneficiary. An issuing bank assumes the risk of the …

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