Letters of Credit Hub

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Letter of Credit On the basis of the documents alone

Letter of Credit: On the basis of the documents alone

UCP 600 article 2 states that a “Complying Presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.”

Domenico Del SorboArticles, Featured, Letters of Credit, Letters of Credit Hub, UCP 600
DCW unveils its latest insights on letter of credit use in the USA

DCW unveils its latest insights on letter of credit use in the USA

Following the latest Q3 2022 edition of its quarterly letter of credit (LC) statistics for US banks, Documentary Credit World (DCW) has released its analysis of LC issuance from banks in the country.

Carter HoffmanAbout Partners, Business Loans, Credit Insurance, Documentary Credit World, Featured, Letters of Credit, Letters of Credit Hub, Risk, Risk & Insurance Hub, Trade Finance
UCP 600- technical advisory briefing #4 on lost documents

UCP 600: technical advisory briefing #4 on lost documents 

Since the UCP 600’s adoption in 2007, concern has persisted over what the Article 35 rule actually requires of an LC issuer if documents get lost in transit between banks. 

Buddy BakerCommodity Finance, Credit Insurance, Demurrage, Documentary Credit World, Featured, Freight Forwarding, ICC, International Trade, Letters of Credit, Letters of Credit Hub, Shipping, Trade Finance, UCP 600
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