Francisco Rodriguez

In Memoriam: Francisco Rodriguez

Francisco Rodriguez, a talented and dedicated trade finance specialist, passed away on 17 December 2024. He was 70 years of

Documentary Collections & Remitting Bank Instructions

The following scenario was widely discussed during a recent meeting among bankers. The relevant details: Outgoing collection documents were sent

Seeking Best Practice on Tracing Standby LC Detrimental Amendments

In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments.  One of questions

Could the ICC Opinions Become the Troubleshooter?

A Matter of Conversion

The Intolerance of a Short Drawing

The question discussed centered on whether document examiners would pickup Short Drawing as a discrepancy since the LC does not permit tolerance in the amount and the amount drawn is less than the total value of the LC.

An Embedded Thorny Clause to Clear Payment of Standby

Issuing bank received a timely demand that complied with the standby. However, on the beneficiary’s cover letter, the payment instruction request to remit payment to their account with a different bank than what is stated on the certification.

Insurance Certificate’s Signing: Discrepant or Not? And Why?

-- needs image of Marine Certificate of Insurance, p. 46 of May 2023 DCW

Standby LCs and Non-Extension Clauses

Bankers share opinions on what it means when a non-extension notice is sent more than 60 days prior to expiry, but then LC extended 6 months anyway.