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• Commercial Documents

  27/01/2016
  What is the aim of a commercial document when included within a documentary credit? It is varied but perhaps can be summarised as a document that evidences compliance with the various terms and conditions of a credit such as identification of goods, packing and weight requirements, inspection stipulations, etc...

• Is UCP working?

  25/01/2016
  Global statistics differ but it is estimated that the percentage of documents refused on first presentation under a letter of credit ranges between 65-80%...

• Insurance Documents

  22/01/2016
  An insurance document is one of the most important documents to be presented under a documentary credit...

• Transport Documents

  18/01/2016
  Whenever a documentary credit is issued covering a shipment or dispatch of goods, a form of transport document will be required to evidence the occurrence of that event...

• What is 'international standard banking practice'?

  15/01/2016
  UCP 500, article 13, saw the first reference to a sub-heading in UCP described as 'Standard for Examination of Documents'...

• Document Preparation

  13/01/2016
  Trade documents have existed ever since the written word was first introduced, and ‘documents' in the form of clay tablets have been recovered that date back many thousands of years...

• Typographical errors

  08/01/2016
  Poorly prepared documents can have a severe detrimental impact on a transaction, leading (at best) to delays in settlement...

• Reasonable care: does it still exist?

  06/01/2016
  UCP 82, article 10, contained a very simple rule regarding the examination of documents - 'Banks must examine all documents and papers with care so as to ascertain that on their face they appear to be in order...

• Applicable law

  04/01/2016
  Documentary Credits: There are occasions when neither an ICC opinion nor DOCDEX will solve a problem...