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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 […]
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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 […]
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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 […]
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The role of the nominated bank Learning objectives This chapter describes the role and responsibilities of a nominated bank. By the end of this chapter, you should be able to: ◆◆ describe the concept of a bank ‘acting on its nomination’; and ◆◆ understand what it means to be a […]
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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 […]
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Advising amendments to a beneficiary – www.bankingallinfo.com Advising amendments to a beneficiary – www.bankingallinfo.com Learning objectives This chapter describes the process of advising an amendment to a beneficiary, with or without confirmation, and the manner in which the beneficiary notifies acceptance or rejection of an amendment. By the end of […]
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Confirming a documentary credit Confirming a documentary credit Learning objectives This chapter describes the process performed by a bank from the time of receipt of a documentary credit, which includes an authorisation or request for confirmation to be added, through to its sending of the advice to a second advising bank or […]
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How to make an Amendments from an issuing bank perspective? Amendments from an issuing bank perspective Learning objectives: This chapter describes the considerations for the creation of an amendment request by an applicant, the review of that request by the issuing bank and, subject to the issuing bank’s consent, the […]
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